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via finance.yahoo.comMarkets

IBM stock falls despite third-quarter beat

FROM THE WIRE · FINANCE.YAHOO.COM

What happened? Shares of technology and consulting giant IBM (NYSE:IBM) fell 2.9% in the morning session after the company maintained its full-year constant-currency revenue growth forecast of 4% to 5%, overshadowing a third-quarter beat across both revenue and profit. IBM…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bearishThe stock falls after keeping revenue guidance unchanged despite a quarter above estimates.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01IBM shares fell 2.9% in the morning session.
  2. 02Third-quarter revenue was 17.1 billion dollars, up 4.7% year on year.
  3. 03Full-year constant-currency revenue growth guidance was maintained at 4% to 5%.
NEWS IMPACT AND MARKET REACTIONChange from the reference price
International Business Machines CorporationIBMStock248.30 USD+0.18%today -1.26%Negative
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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