
IBM shares rebound as earnings offer glimmer of recovery
After the closing bell Wednesday, the company reported adjusted earnings of $2.95 per share, compared to analysts’ expectations of $2.85. Revenue rose 4.7% from a year earlier to $17.1 billion, beating Wall Street’s forecast of $16.8 billion. Although this pace of growth marks a modest sequential recovery, it remains well below the 9.5% growth recorded in the first quarter.
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