International Business Machines Corp. had a better-than-expected second quarter, but shares have been not rewarded Monday as an govt warned about the results of the strengthening greenback.

IBM IBM reported second-quarter web earnings of $1.39 billion, or $1.54 a share, in contrast with $1.47 a share in the year-ago interval, whereas adjusted earnings, which exclude stock-based compensation bills and different gadgets, have been $2.31 a share, up from $2.23 a share a yr in the past. Revenue elevated to $15.54 billion from $14.22 billion in the year-ago…

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