IBM shares rose 4% in extended trading on Monday after the enterprise technology and services maker reported first-quarter earnings that came in better than analysts had expected.
Here’s how the company did:
- Earnings: $1.77 per share, adjusted, vs. $1.63 per share as expected by analysts, according to Refinitiv.
- Revenue: $17.73 billion, vs. $17.35 billion as expected by analysts, according to Refinitiv.
Revenue grew by 0.9% on an annualized basis in the quarter, compared with a 6% decrease in the…