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via finance.yahoo.comBusiness & Companies

IBM's strong Q3 infrastructure growth and cost savings offset weak gross margins, Morgan Stanley says

FROM THE WIRE · FINANCE.YAHOO.COM

IBM (IBM) rebounded in Q3, closing two-thirds of the deals that slipped in the previous quarter, whi PREMIUM Upgrade to read this MT Newswires article and get so much more. A Silver or Gold subscription plan is required to access premium news articles. Upgrade Already have a…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: neutralMorgan Stanley's mixed view of IBM's Q3 results weighs on how the stock is read.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01IBM rebounded in Q3.
  2. 02It closed two-thirds of the deals that slipped in the previous quarter.
  3. 03Infrastructure growth and cost savings were strong, but gross margins were weak.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
International Business Machines CorporationIBMStock248.40 USD-0.35%today -1.22%Neutral
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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