International Business Machines Corp. IBM reported earnings Tuesday afternoon, with a beat on earnings and a miss on revenues. Earnings per share came in at $5.81 versus expected EPS of $5.41, marking the first earnings beat in six quarters for IBM. Revenues fell short of estimates, however, at $24.11 billion versus expectations of $24.77 billion.
There was some chatter Tuesday for IBM to split the company, which was discounted by CEO Ginni Rometty.
Shares of IBM initially rose about 2 percent on the news, but have since turned negative, trading 1.3 percent lower at $154.83
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