International Business Machines Corp. Q2 adjusted earnings Beat Estimates

(RTTNews) - International Business Machines Corp. (IBM) announced earnings for its second quarter that climbed from the same period last year.

The company's bottom line came in at $2.40 billion, or $2.61 per share. This compares with $2.33 billion, or $2.48 per share, in last year's second quarter.

Excluding items, International Business Machines Corp. reported adjusted earnings of $2.83 billion or $3.08 per share for the period.

Analysts had expected the company to earn $3.04 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 3.7% to $20.00 billion from $19.29 billion last year.

International Business Machines Corp. earnings at a glance:

-Earnings (Q2): $2.83 Bln. vs. $2.76 Bln. last year. -EPS (Q2): $3.08 vs. $2.94 last year. -Analysts Estimate: $3.04 -Revenue (Q2): $20.00 Bln vs. $19.29 Bln last year.

-Guidance: Full year EPS guidance: $13.80