IBM stock rallies on third-quarter results, upbeat forecast

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Wall Street is trying to assess the effect of a difficult foreign currency environment on IBM's earnings report.

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consultancy and infrastructure major exceeded third-quarter estimates and raised full-year revenue prediction.

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That's more positive than his July projection after IBM's second-quarter results.

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According to FactSet, Wall Street expects IBM's full-year revenues to reach $59.667 billion.

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FactSet surveyed analysts, and they predicted an adjusted EPS of $1.79 on revenues of $13.517 billion.

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