IBM reports 6% gain in earnings

MarketWatch.com - MarketPulse SAN FRANCISCO (MarketWatch) -- IBM Corp. on Tuesday reported a fourth-quarter profit of $6.2 billion, or $5.73 a share, on $27.7 billion in revenue. During the same period in 2012, IBM earned $5.83 billion, or $5.13 a share, on revenue of $29.3 billion. IBM also reported an operating profit of $6.13 a share. Analysts surveyed by FactSet had forecast IBM to earn $5.99 a share on $28.27 billion in sales. IBM also said that for its 2014 fiscal year, it expects to earn at least $17 a share, or at least $18 a share in operating profit, while analysts had forecast earnings of $18.02 a share for the year.Market Pulse Stories are Rapid-fire, short news bursts on stocks and markets as they move. Visit MarketWatch.com for more information on this news.