IBM reports better-than-expected Q4 results; forecast beats

(Reuters) – International Business Machines Corp forecast full-year earnings above Wall Street estimates and reported better-than-expected quarterly revenue, helped by growth in newer areas such as cloud-based services and analytics.
IBM’s shares were up 2.9 percent at $171.64 in after-hours trading on Thursday.
The Armonk, New York-based company forecast adjusted earnings of at least $13.80 per share for fiscal 2017, beating the average analyst estimate of $13.74, according to Thom