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IBM announced earnings per share of $1.77 on revenue of $17.73B. Analysts polled by Investing.com anticipated EPS of $1.68 on revenue of $17.33B.
IBM shares are up 6% from the beginning of the year, still down 2.66% from its 52 week high of $137.07 set on March 29. They are under-performing the S&P 500 which is up 10.87% from the start of the year.
IBM shares gained 4.27% in after-hours trade following the report.
IBM’s report follows an earnings beat by Taiwan Semiconductor on Thursday, who reported EPS of $0.9497 on revenue of $12.77B, compared to forecasts EPS of $0.9247 on revenue of $12.78B.
Adobe had beat expectations on March 23 with first quarter EPS of $3.14 on revenue of $3.91B, compared to forecast for EPS of $2.79 on revenue of $3.75B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
