IBM stock is down over 5% after International Business Machines (NYSE:IBM) reported a mixed bag in its third-quarter earnings on Thursday.
Total revenue of $18 billion USD for the three months ended September 30 represents a decrease of 3.9% from the previous year, and missed Wall Street’s expectations of $18.2 million USD. It also marks the fifth quarter in a row in which sales shrunk for IBM. The company did reduce its debt by $6.7 billion USD in the third quarter, which has possibly mitigated the worst of the effects on IBM stock.
In ...
Read The Full Article On StreetSignals.com
Get the latest stock market news on StreetSignals. Follow public companies and get free stock research reports and stock market analysis data and stock tips.
All content provided by StreetSignals is subject to our Terms Of Use and Disclaimer.