(Reuters) - Shares of International Business Machines Corp. rose in extended-hours trading on Wednesday after the world's largest computer services company reported earnings that beat Wall Street expectations.
"IBM shows the weak dollar is having a very positive effect on some multinational companies. Their overseas revenues are really helping the bottom line very strongly, that's the bullish part of the day," said Rick Meckler, president of investment firm LibertyView Capital Management in Hoboken, New Jersey.
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"IBM shows the weak dollar is having a very positive effect on some multinational companies. Their overseas revenues are really helping the bottom line very strongly, that's the bullish part of the day," said Rick Meckler, president of investment firm LibertyView Capital Management in Hoboken, New Jersey.
Read more at Reuters.com Hot Stocks News
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