IBM (NYSE: IBM) reported Q3 EPS of $2.65, $0.21 better than the analyst estimate of $2.44. Revenue for the quarter came in at $16.33 billion versus the consensus estimate of $16.09 billion.

• Revenue: The company now expects constant currency revenue growth of more than 5 percent. At current foreign exchange rates, currency is expected to be about a one-and-a-half-point tailwind to growth for the year.
• Free cash flow: The company now expects about $14 billion in free cash flow for the full year.

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