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Sunday, May 19, 2024
HomeNewsEconomyIBM Earnings Report Posts Big Third-Quarter Miss

IBM Earnings Report Posts Big Third-Quarter Miss


The International Business Machines Corporation headquarters in Armonk, New York. (Photo: Reuters)

International Business Machines Corporation (NYSE:IBM), or IBM, posted third-quarter adjusted earnings of just $3.68 per share on revenue from continuing operations of $22.4 billion.

The earnings report widely missed Wall Street expectations that profits-per-share would come in at $4.32 on revenues of $23.4 billion. Shares tanked 5 percent in pre-market trade.

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