🟢 International Business Machines is trading 4.56% up in after-hours trading after third-quarter results beat expectations

International Business Machines is trading at $258.55, up 4.56% in after-hours trading after third-quarter results beat analyst expectations.

• The company reported third-quarter revenue of $17.1 billion and adjusted earnings of $2.95 per share.
• Software revenue grew 8% year over year, and the company raised its full-year free-cash-flow outlook to growth of more than $1 billion year over year.
• Revenue growth guidance remained at 4%–5% in constant currency; the results were the clear catalyst for the October 21 after-hours move.