IBM Corp. (IBM: Quote) reported second quarter operating net income of $3.51 per share after the close Wednesday, up from $3.09 per share last year. The consensus estimate was for EPS of $3.42. The company also increased its full year 2012 operating EPS forecast to at least $15.10, from its previous estimate of at least $15.00. The consensus estimate is for EPS of $15.06.
IBM Corp. gapped up sharply Thursday and climbed in early trade, but settled into a narrow range for the majority of the session. The stock closed up by 7.09 at $195.34. IBM rose to a 2-week high and re-crossed both its 50 and 200-day moving averages.
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by RTT Staff Writer
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