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SAN FRANCISCO (MarketWatch) - IBM Corp. IBM +2.00% on Wednesday reported a second-quarter profit of $3.88 billion, or $3.34 a share, compared with a profit of $3.66 billion, or $3 a share, for the year-earlier period. Revenue was $25.8 billion, down from $26.7 billion.Adjusted operating profit was $3.51 a share. Analysts were expecting the company to report a profit of $3.43 a share, on revenue of $26.3 billion, according to FactSet. IBM raised its full-year operating earnings outlook to "at least $15.10" a share. Shares of IBM were up 2% in after-hours trading.