The results announced Tuesday included a charge that the technology company took to account for a U.K. court decision that will increase its costs for paying pensions to some of its retired employees.
IBM Corp. earned $3.8 billion, or $3.33 per share, in the July-September period. The company delivered the same net income a year ago, but its per-share earnings were 14 cents lower last year because the company had more outstanding stock then.
Revenue for the quarter fell 5 percent from last year to $24.7 billion. That figure was about $1 billion below analyst projections.
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