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International Business Machines Corp. Q1 adjusted earnings Beat Estimates

International Business Machines Corp. (IBM) announced earnings for first quarter that fell from last year.

The company's earnings totaled $955 million, or $1.06 per share. This compares with $1175 million, or $1.31 per share, in last year's first quarter.

Analysts had expected the company to earn $1.63 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 1.0% to $17.74 billion from $17.57 billion last year.

International Business Machines Corp. earnings at a glance:

-EPS (Q1): $1.77 vs. $1.84 last year.
-Analysts Estimate: $1.63
-Revenue (Q1): $17.74 Bln vs. $17.57 Bln last year.

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