IBM Shares Slide After Q2 Results: EPS Beat, Revenues Beat

International Business Machines Corp. (NYSE:IBM) released its second-quarter results after Wednesday's closing bell. Here's a look at the details from the report. 

The Details: IBM reported quarterly earnings of $2.80 per share, which beat the Street consensus estimate of $2.64. Quarterly revenue came in at $16.977 billion, which beat the consensus estimate of $16.576 billion.

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IBM reported the following second-quarter highlights:

Revenue– Revenue of $17 billion, up 8%, up 5% at ...