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Wayne Duggan

YOU WONT BELIEVE: Modestly better 4 ibm analysts react to impressive earnings report | Mind Blowing Facts

IBM Erik Woodring Keith Bachman Wamsi Mohan Bank of America BMO Capital Markets Credit Suisse Morgan Stanley

IBM (NYSE:IBM) shares traded higher by 7.7% on Wednesday after the company reported a first-quarter earnings beat as it continues to restructure its company.

On Tuesday, IBM reported first-quarter adjusted EPS of $1.40 on revenue of $14.2 billion. Both numbers topped consensus analyst estimates of $1.38 and $13.85 billion, respectively. Revenue was up 7.7% from a year ago.

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