IBM’s Earnings Top Estimates
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IBM said its fourth-quarter profits and sales were better than analysts expected thanks to strong results from its operations in Asia, Europe and emerging markets. Shares of IBM rose 9.6% to $107.01 on the news.
“IBM is well-positioned as we begin 2008 as a result of our global business reach, solid recurring revenue stream and strong financial position,” the company said in a press release Monday. “We are on track to achieve our long-term earnings-per-share roadmap objective in 2010.”
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