Tech: IBM beat on revenue for final quarter of fiscal 2017 (IBM)

IBM stock is down in after hours trading.

IBM stock declined 3% in after hours trading Thursday after the company reported its fourth quarter 2017 earnings. The stock traded around $163.25, down from $169.19 when markets closed.

Here's what the company reported:

• Revenue for the quarter (GAAP) were $22.54 billion, compared to analyst expectations of $22.05 billion.
• Earnings per share for the quarter (non-GAAP) were $5.18, compared to analyst expectations of $5.17.
• Revenues for the year (GAAP) were $79.1 billion, compared to analyst expectations of $78.62 billion.
• Earnings per share for the year (non-GAAP) were $13.80, compared to analyst expectations of $13.81.

posted by Campus94