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International Business Machines Corp. had a better-than-expected second quarter, but shares were not immediately rewarded Monday.
IBM IBM reported second-quarter net income of $1.39 billion, or $1.54 a share, compared with $1.47 a share in the year-ago period, while adjusted earnings, which exclude stock-based compensation expenses and other items, were $2.31 a share, up from $2.23 a share a year ago. Revenue increased to $15.54 billion from $14.22 billion in the year-ago quarter, after adjusting for discontinued operations,…
