NEW YORK, Jan. 22 (Xinhua) -- International Business Machines (IBM) Tuesday reported its fourth-quarter earnings and full year 2019 guidance that both beat Wall Street's estimates.
The information technology magnate reported its fourth-quarter revenue of 21.76 billion U.S. dollars, higher than the 21.71 billion dollars expected by analysts.
Its fourth-quarter earnings per share, excluding certain items, hit 4.87 dollars, exceeding analysts' estimate of 4.82 U.S. dollars, according to global financial markets data provider Refinitiv.
Its segment of technology service and cloud platforms registered revenues of 8.9 billion dollars, down 3 percent, and the second largest segment, global business services, registered revenues of 4.3 billion dollars, up 4 percent.
For the full-year 2018, IBM generated 13.81 dollars in earnings per share, excluding certain items. Its revenue reached 79.6 billion dollars, up 1 percent year on year. The strategic imperatives revenues stood at 39.8 billion dollars, up 9 percent, while the cloud revenue hit 19.2 billion dollars, up 12 percent.
IBM also posted its guidance for 2019. The company forecast its earnings per share to be 13.9 dollars, higher than market expectations.
Shares of IBM rose more than 6 percent in after-hours trading.
