ARMONK, N.Y. (AP) — ARMONK, N.Y. (AP) — International Business Machines Corp. (IBM) on Wednesday reported third-quarter net income of $1.74 billion.
The Armonk, New York-based company said it had net income of $1.84 per share. Earnings, adjusted for costs related to mergers and acquisitions and pretax expenses, came to $2.65 per share.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.44 per share.
The technology and consulting company posted revenue of $16.33 billion in the period, also surpassing Street forecasts. Five analysts surveyed by Zacks expected $16.1 billion.
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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBM at https://www.zacks.com/ap/IBM
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