NEW YORK ( TheStreet) -- Boosted by increases in mainframe, software and services revenue, International Business Machines (IBM - Get Report) topped Wall Street's expectations for its fourth-quarter results by a healthy margin.After the closing bell, Big Blue reported adjusted earnings of $4.18 per share on sales of $29 billion for the three months ended Dec. 31, well ahead of the average estimate of analysts polled by Thomson Reuters for a profit of $4.08 per share on revenue of $28.26 billion.
IBM Serves Up a Beat
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts
Every recommendation goes through 3 layers of intense scrutinyquantitative, fundamental and technical analysisto maximize profit potential and minimize risk.
Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.