IBM Shares Rise After Hours With Some 4Q Results Better Than Expected

   By Stephen Nakrosis

Shares of International Business Machines Corp. (IBM) are moving higher in Tuesday's after-hours market, after the company reported fourth-quarter results that came in above analysts' expectations.

At 6:09 p.m. EST, IBM shares had gained 4.01% in the later trading session, to $144.75. Volume topped 1 million shares.

The company's stock finished Tuesday's regular session with a 0.62% gain, closing at $139.17.

After the bell, IBM said fourth-quarter adjusted earnings per share came in at $4.71. Analysts were looking for fourth-quarter adjusted EPS of $4.69, according to FactSet.

The company also said full-year 2020 earnings per share would be "at least" $10.57 and adjusted earnings per share would be "at least" $13.35. For 2019, IBM reported full-year EPS of $10.57 and adjusted EPS of $12.81.

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

(END) Dow Jones Newswires

January 21, 2020 18:35 ET (23:35 GMT)

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