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Company reports Q1 earnings of $2.91 per share versus $2.83 consensus. Revenues fell 11.9% year/year to $19.59 bln versus $19.68 bln consensus.
Company reaffirms EPS guidance for FY15 at $15.75-$16.50 versus $15.90 consensus.
IBM rose to $166.50 (+0.20%) on the premarket.
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