IBM shares fall despite first revenue growth in 5 years

International Business Machines Corp. shares shed gains it had built up over the week in the extended session Thursday after the computer giant modestly topped Wall Street estimates for the quarter and returned to revenue growth.

IBMIBM, +0.28% shares fell 4.2% to $162 after hours, following a 0.3% gain for the regular session and a 3.7% advance for the week. Shares closed Thursday up 10% year to date. In comparison, the Dow Jones Industrial Average DJIA, -0.37% is up 5.3% for the year and the S&P 500 index SPX, -0.16% is up 4.7%

For the fourth quarter, Big Blue reported a loss of $1.05 billion, or $1.14 a share, compared with net income of $4.5 billion, or $4.72 a share, in the year-ago period.

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