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IBM (NYSE:IBM) shares are trading higher after reporting a second-quarter earnings and sales beat.
Adjusted earnings came in at $3.17, beating estimates by 10 cents. Sales came in at $19.161 billion, beating estimates by $1 million.
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The company reaffirmed 2019 adjusted earnings guidance $13.90, falling in-line with consensus. IBM estimates 2019 free cash flow of around $12 billion.
IBM shares traded higher by 3.65% to $148.29 in after-hours trading. The stock closed at $143.07.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.