IBM dips even as software and infrastructure lift Q3 revenue above estimates
FROM THE WIRE · SEEKINGALPHA.COM
[Milano, Italy. The IBM studios, the house of technological innovation in Milano. A building made of glass and wood. The building has the shape of a seed] Mrkit99/iStock Editorial via Getty Images IBM (IBM [https://seekingalpha.com/symbol/IBM]) shares were down 6% in Thursday…
Read at the source ↗MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishEarnings and revenue beat estimates, but a weaker gross margin weighs on the shares premarket.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
- 01IBM shares were down about 6% in Thursday premarket trading.
- 02Adjusted EPS was $2.95 versus the $2.87 consensus estimate.
- 03Third-quarter revenue rose 5% to $17.1B, above the $16.84B estimate.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets