SAN FRANCISCO – IBM Corp. on Wednesday reported a third-quarter profit of $4.04 billion, or $3.68 a share, compared with a profit of $3.8 billion, or $3.33 a share, for the year-earlier period. Revenue was $23.7 billion, down from $24.7 billion. Adjusted profit was $3.99 a share. Analysts polled by FactSet on average were expecting IBM to report a profit of $3.96 a share, on revenue of $24.79 billion. The company said it was maintaining its full year adjusted earnings out look of at least $16.90 a share. Analysts were expecting a full-year earnings of $16.87 a share.IBM shares were down more than 5% after-hours.
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