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International Business Machines Corp. Q3 adjusted earnings Beat Estimates

International Business Machines Corp. (IBM) reported earnings for third quarter that declined from the same period last year.

The company's bottom line totaled $1.67 billion, or $1.87 per share. This compares with $2.69 billion, or $2.94 per share, in last year's third quarter.

Excluding items, International Business Machines Corp. reported adjusted earnings of $2.39 billion or $2.68 per share for the period.

Analysts had expected the company to earn $2.67 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter fell 3.9% to $18.03 billion from $18.76 billion last year.

International Business Machines Corp. earnings at a glance:

-Earnings (Q3): $2.39 Bln. vs. $3.13 Bln. last year.
-EPS (Q3): $2.68 vs. $3.42 last year.
-Analysts Estimate: $2.67
-Revenue (Q3): $18.03 Bln vs. $18.76 Bln last year.

-Guidance:
Full year revenue guidance: $12.80

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