Computer maker reports better than expected gain in 4Q earnings five days earlier than planned.
January 15, 2004: 7:40 AM EST
NEW YORK (CNN/Money) - IBM jumped the gun early Thursday, reporting better than expected fourth-quarter earnings five days earlier than originally scheduled.
Earnings excluding special items for the blue chip computer maker increased to $2.7 billion, or $1.56 a share, up from $1.34 a share in the year-earlier period. Analysts surveyed by earnings tracker First Call forecast earnings of $1.50 a share, with a range of estimates from $1.46 to $1.54.
Revenue rose to $25.9 billion from $23.7 billion a year earlier. That beat First Call's revenue forecast of $25.0 billion.
Shares of IBM (IBM: Research, Estimates), a component of the Dow Jones industrial average, gained 61 cents to $90.31 in Wednesday trading.
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