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IBM

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IBM reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence tailwinds. Still, the stock dropped about 6% in extended trading.

Here's how the company performed versus LSEG estimates:

Earnings per share : $2.65 adjusted vs. $2.45 expected

Revenue: $16.33 billion vs. $16.09 billion expected.

Revenue increased 9% from about $15 billion in the year-ago period, IBM said. The company reported net income of $1.74 billion, or $1.84 per share, after recording a loss of $330 million, or 36 cents per share, a year earlier. The results from last year included the impact of a $2.7 billion pension settlement charge.

"Clients globally continue t

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