IBM Stock Up 3% in Pre-market, Company Reports Better than Expected Q1 Earnings Results

IBM Stock Up 3% in Pre-market, Company Reports Better than Expected Q1 Earnings Results
2 hours ago by Steve Muchoki · 3 min read
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IBM stock added approximately 10% in the past year and has jumped over 5% year-to-date.
International Business Machines Corp (NYSE: IBM) stock jumped more than 3% today in the pre-market trading session to trade around $137.20. IBM just reported its Q1 earnings results that beat analysts’ expectations, thus provoking the spike in stock volatility.
Notably, the company reported adjusted earnings per share of $1.77 versus $1.63 per share as expected by analysts according to Refinitiv. During the first three months of the year, IBM recorded a revenue of $17.73 billion versus $17.35 billion expected by analysts according to Refinitiv.

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