IBM shares fall as quarterly revenue misses estimates
International Business Machines Inc. shares declined in the extended session Tuesday after the tech giant’s revenue came in light even though adjusted earnings topped Wall Street estimates.
The company reported first-quarter net income of $1.59 billion, or $1.78 a share, compared with $1.68 billion, or $1.81 a share, in the year-ago period. Adjusted earnings were $2.25 a share.Analysts surveyed by FactSet had forecast earnings of $2.22 a share on revenue of $18.47 billion.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
IBM Seeks Revenue Rebound in Cloud: What to WatchIBM is expected to report first-quarter earnings after the market closes Tuesday. The results come as the computing behemoth struggles through successive quarters of revenue declines. Here’s what to expect.
Read more »
A 26-year-old trend line suggests IBM has more upside from here, technician saysA 26-year-old trendline suggests $IBM has more upside from here, technician says via TradingNation
Read more »
IBM set to report earnings after the bellAnalysts are expecting IBM's revenue to be down year over year for the third quarter in a row.
Read more »
LIVE: here come IBM earningsIBM is shedding some businesses and swallowing RedHat in a $34 billion deal. Investors will have lots of questions when the comapny reports Q1 earnings.
Read more »
IBM stock slips after revenue shortfallIBM's revenue is now down year over year for three consecutive quarters.
Read more »
IBM and Oracle are reportedly out of the running for $10 billion government cloud contractAmazon and Microsoft are said to be the finalists for a government contract that could be worth as much as $10 billion.
Read more »
Cisco, Apple and IBM are leading the Dow this year, but only two look good, according to two expertsThe Dow's top performers this year are a blast from the past. Legacy tech stocks including Apple, Cisco and IBM have topped the blue-chip index.
Read more »
Here are the biggest analyst calls of the day: Apple, Chipotle, IBM, Xerox, U.S. Steel & moreHere are the biggest calls on Wall Street on Thursday
Read more »
IBM and Oracle are out of the running for $10 billion government cloud contractAmazon and Microsoft are the only remaining finalists for a government contract that could be worth as much as $10 billion.
Read more »
Albertsons Joins IBM Food Trust Blockchain Network To Track Romaine Lettuce From Farm To StoreAlbertsons Companies, one of the largest food and drug retailers in the United States, is joining IBM’s Food Trust network to pilot blockchain technology to increase transparency for romaine lettuce.
Read more »