IBM announced its earnings for Q4 2009 today, and they were better than expected at $27.2 billion, with an EPS (Earnings Per share) of $3.59. However, this strong report did not help boost its stock today, which was down 1.97% to $131.50.

Part of the problem may be that investors seemed to have already priced in the growth. IBM shares today crested $134 — their highest level in nearly a decade and up 63% since this time last year.

[via Marketwatch – image via]