Reported 1 day ago
IBM reported better-than-expected earnings and raised its sales forecasts, but shares fell as investors reacted to slowing growth in its cloud and software divisions. Despite a 15% gain in adjusted earnings per share and a 9% increase in revenue for the third quarter, market focus on declining software performance led to a 1.5% drop in stock price, highlighting high investor expectations ahead of other tech earnings reports.
Source: YAHOO