Reuters: Technology News: IBM third-quarter EPS beats Street, revenue misses

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IBM third-quarter EPS beats Street, revenue misses Oct 16th 2013, 20:30 Tweet Share this Email Print Reprints The IBM logo is seen outside the company's offices in Petah Tikva, near Tel Aviv October 24, 2011. Credit: Reuters/Nir Elias Wed Oct 16, 2013 4:19pm EDT (Reuters) - IBM, the world's largest technology services company, reported third-quarter earnings that beat Wall Street estimates but it missed revenue expectations. International Business Machines Corp said on Wednesday its quarterly net income rose 6 percent to $4.0 billion, or $3.99 a share on a non-GAAP basis from $3.62 a year earlier, above estimates of $3.96 a share, according to Thomson Reuters I/B/E/S. Revenue dropped 4 percent to $23.7 billion below average analysts expectations of $24.74 billion. IBM shares slid 5.2 percent in after-hours trade. (Reporting by Nicola Leske; Editing by Leslie Gevirtz) Tweet this Link this Share this Digg this Email Reprints We welcome comments that advance the story through relevant opinion, anecdotes, links and data. If you see a comment that you believe is irrelevant or inappropriate, you can flag it to our editors by using the report abuse links. Views expressed in the comments do not represent those of Reuters. For more information on our comment policy, see http://blogs.reuters.com/fulldisclosure/2010/09/27/toward-a-more-thoughtful-conversation-on-stories/ Comments (0) Be the first to comment on reuters.com. Add yours using the box above.

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