ARMONK, N.Y. (AP) — ARMONK, N.Y. (AP) — International Business Machines Corp. (IBM) on Wednesday reported third-quarter net income of $1.7 billion.
On a per-share basis, the Armonk, New York-based company said it had profit of $1.84. Earnings, adjusted for one-time gains and costs, were $2.20 per share.
The results topped Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.12 per share.
The technology and consulting company posted revenue of $14.75 billion in the period, which did not meet Street forecasts. Five analysts surveyed by Zacks expected $14.77 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