International Business Machines Corp. Q4 Income Retreats 19%

(RTTNews) - International Business Machines Corp. (IBM) released a profit for fourth quarter that dropped compared to the same period last year.

The company said its earnings totaled $4.71 billion, or $4.84 per share. This was lower than $5.79 billion, or $5.81 per share, in last year's fourth quarter.

Analysts had expected the company to earn $4.81 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter fell 8.5% to $22.06 billion. This was down from $24.11 billion last year.

International Business Machines Corp. earnings at a glance:

-Earnings (Q4): $4.71 Bln. vs. $5.79 Bln. last year. -Earnings Decline (Y-o-Y): -18.7% -EPS (Q4): $4.84 vs. $5.81 last year. -EPS Decline (Y-o-Y): -16.7% -Analysts Estimate: $4.81 -Revenue (Q4): $22.06 Bln vs. $24.11 Bln last year. -Revenue Change (Y-o-Y): -8.5%