IBM shares surged 6% after reporting a clean Q3 top- and bottom-line beat. The IT services and hybrid cloud leader posted adjusted EPS of $2.95 (vs. $2.86 est.) on revenue of $17.1 billion (vs. $16.82 billion est.) .
Key takeaways:
- Reaffirmed full-year constant-currency revenue growth target of 4% to 5%.
- Driven by expanding Red Hat adoption and growing enterprise AI consulting bookings.
This indicates continued momentum in its strategic growth areas.
After-Hours Movers: META, IBM, TSLA, LRCX, KLAC, AMAT, CSX, KMI, LVS
INVESTING.COMOct 21, 8:35 PM UTC
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