IBM beats second-quarter EPS estimates, misses on revenue

(Reuters) - IBM , the world's largest technology services company, reported second-quarter earnings per share that beat estimates. Its shares were up nearly 3 percent in after-hours trade.

International Business Machines Corp said on Wednesday its quarterly non-GAAP income rose 3 percent, excluding a $1 billion restructuring charge, to $4.3 billion, or $3.91 a share, compared with $3.51 a year ago and analyst estimates of $3.77 a share, according to Thomson Reuters I/B/E/S.

Revenue dropped 3 percent to $24.9 billion below average analyst expectations of $25.4 billion.

(Reporting By Nicola Leske; Editing by Leslie Gevirtz)

Source: http://news.yahoo.com/ibm-beats-second-quarter-eps-estimates-misses-revenue-202536468.html

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