IBM’s Earnings Mixed; Shares Fall (IBM)

International Business Machines IBM just reported that its Q2 EPS came in at $2.61 on $23.72 billion in revenue. This compares to the Street consensus of $2.58 per share on revenue of $24.17 billion. The whisper number for IBM was $2.61. Gross margins came in at 45.6% versus 45.5% the year prior. The company also said that its service backlog as of June 30th was $129 billion. IBM also bumped up their 2010 EPS outlook to “at least” $11.25 per share. Shares of IBM, which closed at $129.79, higher by 1.37%, are lower by 2.80% in the after-hours trade. International Business Machines Corporation is an information technology company. The company operates under five segments: Global Technology Services, Global Business Services, Software, System and Technology, and Global Financing segment.