FinanceQuartzabout 2 hours ago
IBM Stock Slips After Beating Estimates
2 min read
IBM reported third-quarter revenue of $17.1 billion on Wednesday, up 5% from a year earlier, and adjusted earnings of $2.95 a share. IBM stock slipped in extended trading despite the results. Net income reached $2.19 billion, or $2.30 a share, up from $1.74 billion. Software revenue rose 8% to $7.8 billion, while data revenue jumped 19%.
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