International Business Machines Corp. Q4 Profit Increases, Inline With Estimates

(RTTNews) - International Business Machines Corp. (IBM) reported a profit for its fourth quarter that increased from the same period last year in line with the Street estimates.

The company's bottom line totaled $2.71 billion, or $2.96 per share. This compares with $2.33 billion, or $2.57 per share, in last year's fourth quarter.

Excluding items, International Business Machines Corp. reported adjusted earnings of $3.60 per share for the period.

Analysts on average had expected the company to earn $3.60 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.