ARMONK, N.Y. (AP) _ International Business Machines Corp. (IBM) on Monday reported second-quarter earnings of $1.39 billion.

The Armonk, New York-based company said it had net income of $1.53 per share. Earnings, adjusted for non-recurring costs and to account for discontinued operations, were $2.31 per share.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $2.29 per share.

The technology and consulting company posted revenue of $15.54 billion in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $15.12 billion.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on IBM at https://www.zacks.com/ap/IBM

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