IBM shares plummet 25% on weak preliminary earnings
Shares of IBM Corp. dropped 25% today after it posted preliminary second quarter earnings that missed expectations.
The company estimates that it generated $17.2 billion in revenue during the three quarters ended June 30.
Analysts polled by FactSet expected $660 million more.
IBM’s adjusted earnings of $2.93 per share also fell short of the consensus estimate, […]
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