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IBM reported strong earnings, surpassing estimates, though some investors reduced holdings.
IBM's stock saw a slight decrease in holdings by some investors, like NFP Retirement Inc., but was also bought by others, such as S Bank Fund Management Ltd. IBM reported strong earnings of $2.80 per share, surpassing estimates, with revenue at $16.98 billion.
Analysts have a "Moderate Buy" rating on IBM, with a target price of $268.75.
The company's market cap is $217.86 billion, and it operates in Software, Consulting, Infrastructure, and Financing segments.
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IBM reportó ganancias fuertes, superando las estimaciones, aunque algunos inversores redujeron sus participaciones.