IBM stock rises 5% after beating Wall Street's expectations (IBM)

IBM's stock rose 5% after the bell on Tuesday. Its revenues slipped 3.5 percent from the year-ago quarter, but it still stayed ahead of analyst expectations

In the past five years, IBM's annual revenue has declined.

IBM's stock was down 36% in 2018, but the company is betting that its forthcoming acquisition of Red Hat for $34 billion will start turning things around.

Here's what it reported:

• EPS: $4.87. Analysts were expecting $4.84 a share.
• Revenue: $21.76 billion. Wall Street was looking for $21.75 billion.

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