NEW YORK (TheStreet) -- Shares of International Business Machines were gaining 2.2% to $160.60 after-hours Tuesday after the IT company beat analysts' estimates for earnings in the fourth quarter. IBM reported earnings of $5.81 a share for the fourth quarter, above analysts' estimates of $5.41 a share. The company reported revenue of $24.11 billion for the quarter, down 13% from the year-ago quarter, and below analysts' estimates of $24.77 billion. "In 2014, we repositioned our hardware portfolio for higher value, maintained a services backlog of $128 billion and achieved strong revenue growth across cloud, analytics, mobile, social and security," chairman, president, and CEO of IBM Ginni Rometty said. "Together these strategic imperatives grew 16% in 2014 and now represent $25 billion and 27% of our revenue." Exclusive Report: Jim Cramer's Best Stocks for 2015 STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more. TheStreet Ratings team rates INTL BUSINESS MACHINES CORP as a Hold with a ratings score of C+. TheStreet Ratings Team has this to say about their recommendation: "We rate INTL BUSINESS MACHINES CORP (IBM) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its notable return on equity, good cash flow from operations and expanding profit margins. However, as a counter to these strengths, we also find weaknesses including deteriorating net income, generally higher debt management risk and a generally disappointing performance in the stock itself." You can view the full analysis from the report here: IBM Ratings Report IBM data by YCharts STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
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