IBM posts higher profit, raises outlook

SAN FRANCISCO (MarketWatch)
IBM Corp. on Wednesday reported a second-quarter profit of $3.88 billion, or $3.34 a share, compared with a profit of $3.66 billion, or $3 a share, for the year-earlier period
Revenue was $25.8 billion, down from $26.7 billion
Adjusted operating profit was $3.51 a share
Analysts were expecting the company to report a profit of $3.43 a share, on revenue of $26.3 billion, according to FactSet
IBM raised its full-year operating earnings outlook to "at least $15.10" a share