IBM Beats Expectations, Investors Not Impressed

Despite beating analysts’ estimates in the third-quarter report it released after the bell Monday, IBM (NYSE: IBM) stock took a hit of nearly 3% by the close of trading the following day. Pundits had expected IBM to report revenue of $19 billion for the quarter, along with non-GAAP (excluding one-time items) earnings of $3.23 per share. …read more

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Category: IBM

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