IBM Earnings beat, Revenue misses In Q4 By Investing.com

IBM (NYSE:IBM) reported on Thursday fourth quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.

IBM announced earnings per share of $2.07 on revenue of $20.37B. Analysts polled by Investing.com anticipated EPS of $1.81 on revenue of $20.64B.

IBM shares are up 4% from the beginning of the year and are trading at $127.00 , down-from-52-week-high.They are outperforming the S&P 500 which is up 2.58% from the start of the year.

IBM shares lost 3.66% in after-hours trade the report.

IBM follows other major Technology sector earnings this month

IBM’s report follows an earnings beat by Taiwan Semiconductor on January 14, who reported EPS of $0.9851 on revenue of $12.93B, compared to forecasts EPS of $0.9362 on revenue of $12.85B.

Intel had beat expectations on Thursday with fourth quarter EPS of $1.52 on revenue of $19.98B, compared to forecast for EPS of $1.1 on revenue of $17.45B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar