April 18, 2013 at 4:49 PM ET
IBM reported quarterly earnings and revenue that came in short of analysts' expectations on Thursday.
After the earnings announcement, the tech company's shares fell more than 3 percent in after-hours trading.
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The company posted first-quarter earnings of $3 a share, up from $2.78 a share in the year-earlier period.
Revenue decreased to $23.41 billion from $24.67 billion a year ago.
Analysts had expected the IBM to report earnings of $3.05 a share on revenue of $24.62 billion, according to a consensus estimate from Thomson Reuters.