Beating some financial analysts expectations, IBM affirmed its full-year profit outlook, sending its stock shares to 4 percent up, according to the IBM report on Wednesday as far as its preliminary third quarter earnings is concerned.
Analysts were looking for earnings of $2.01 per share on revenue of $26.5 billion, according to Reuters Estimates.
"Our results demonstrate that the combination of a steady base of recurring revenue and profits, investments for growth in emerging markets, a range of products and services that deliver value to clients, and a strong and flexible financial foundation give IBM a competitive edge in good times and tough times," CEO Samuel Palmisano said in a statement.
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