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via finance.yahoo.comBusiness & Companies

IBM: third-quarter sales up 5%, stock slumps on doubts about durability

FROM THE WIRE · FINANCE.YAHOO.COM

The 8:30 hosts Julie Hyman, Jake Conley, and Pras Subramanian examine IBM's (IBM) third quarter earnings, which reported a 5% sales growth, and were followed by a stock slump over concerns that the momentum couldn't last. Video Transcript 00:00 Speaker A Let's talk about IBM…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishResults beat expectations but the stock fell on doubts about sustainability of growth.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Sales rose 5%.
  2. 02Software sales rose 8.3%.
  3. 03Earnings per share beat estimates.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
International Business Machines CorporationIBMStock246.54 USD-3.37%today -1.96%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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