IBM Misses on Revenues, Beats on EPS, and Guides Slightly Higher

“International Business Machines (IBM) this afternoon reported Q2 revenue that missed analysts’ estimates, but earnings per share that beat consensus.

Revenue in the three months ended in June rose to $25.8 billion, yielding EPS of $3.51.

Analysts on average were expecting $26.3 billion and $3.43 per share.

For the full year, the company raised its outlook to EPS of “at least $15.10″ from a prior $15 per share. That is slightly ahead of consensus of $15.05.

IBM shares are up $1.24, or half a percent, at $189.49  in late trading.”

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