ARMONK, N.Y. (AP) _ International Business Machines Corp. (IBM) on Wednesday reported third-quarter earnings of $1.13 billion.

On a per-share basis, the Armonk, New York-based company said it had net income of $1.25. Earnings, adjusted for non-recurring costs and costs related to mergers and acquisitions, came to $2.52 per share.

The results topped Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for earnings of $2.49 per share.

The technology and consulting company posted revenue of $17.62 billion in the period, falling short of Street forecasts. Five analysts surveyed by Zacks expected $17.76 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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