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via seekingalpha.comMarkets

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…

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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
  1. 01IBM shares were down about 6% in Thursday premarket trading.
  2. 02Adjusted EPS was $2.95 versus the $2.87 consensus estimate.
  3. 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

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Breaking live stories come from third-party newswires via feed; headline and summary belong to the stated source. Impact analysis: UCapital AI · News Impact.

AI use policy. UCapital AI supports the newsroom with news analysis, summaries, market reactions, translations and the generation of cards and charts. AI-generated or AI-assisted content is labelled in the byline (AI Desk, a named AI profile marked «AI», or joint byline) and is reviewed by editors before publication. News received via API feeds from third-party providers is attributed to the original source. AI can make mistakes: report any inaccuracies to the newsroom. Users’ personal data is not used to train the models.