International Business Machines Co. (NYSE:IBM – Get Free Report) shares rose 12.8% during trading on Thursday following a stronger than expected earnings report. The company traded as high as $261.80 and last traded at $257.81. Approximately 7,278,615 shares changed hands during mid-day trading, an increase of 81% from the average daily volume of 4,018,613 shares. The stock had previously closed at $228.63.
The technology company reported $3.92 earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of $3.77 by $0.15. International Business Machines had a return on equity of 40.52% and a net margin of 10.22%.
International Business Machines Dividend Announcement
The business also…
