International Business Machines Corporation (IBM) has long been on our radar. We have often heard investors tout its high yield alongside its never-ending buybacks. In fact, IBM's buybacks have whittled its share count down by 25% over the last few years. Those numbers did sound impressive to us, and with the company reporting its Q1-2019 results, we decided to see if we would want to become owners of this "blue-chip".
IBM reported weaker-than-expected Q1-2019 results and fell about 4% on the news. Non-GAAP diluted EPS was down 8% year over year.
Source: IBM