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IBM beats Q2 forecasts

Big Blue hurdled estimates in the second quarter evenas sales continued their recent slow trend.After market close Wednesday, IBM (ibm) reported second quarter net income of $1.
Written by ZDNET Editors, Contributor

Big Blue hurdled estimates in the second quarter even as sales continued their recent slow trend.

After market close Wednesday, IBM (ibm) reported second quarter net income of $1.9 billion, or $1.06 per share. First Call's survey of 23 analysts predicted a profit of $1 per share for the quarter ended June 30. Full story. -- Sergio G. Non, ZDNet Inter@ctive Investor

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