IBM results beat expectations as the company pushes up full-year guidance
1. IBM shares fell 5% despite beating earnings expectations. 2. Earnings per share reached $2.80 adjusted, exceeding $2.64 predicted. 3. Revenue grew nearly 8% year-over-year, supported by software and cloud growth. 4. IBM projects over $13.5 billion in free cash flow for 2025. 5. The company reported a significant net income increase to $2.19 billion.