(Reuters) - Shares of International Business Machines Corp.
rose in extended-hours trading on Wednesday after the world's
largest computer services company reported earnings that beat
Wall Street expectations. For details, see [ID:N18415715].
"IBM shows the weak dollar is having a very positive effect
on some multinational companies. Their overseas revenues are
really helping the bottom line very strongly, that's the
bullish part of the day," said Rick Meckler, president of
investment firm LibertyView Capital Management in Hoboken, New
Jersey.
Read more at Reuters.com Bonds News
rose in extended-hours trading on Wednesday after the world's
largest computer services company reported earnings that beat
Wall Street expectations. For details, see [ID:N18415715].
"IBM shows the weak dollar is having a very positive effect
on some multinational companies. Their overseas revenues are
really helping the bottom line very strongly, that's the
bullish part of the day," said Rick Meckler, president of
investment firm LibertyView Capital Management in Hoboken, New
Jersey.
Read more at Reuters.com Bonds News
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