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IBM Stock Slides on Disappointing Software Sales
Today's bear gap has IBM dropping to its lowest levels since mid-May, moving sharply away from its June 25 record high of $296.16. The 150-day moving average looks like it will move in as support for today's pullback, however. Year-to-date, the equity is up 16.5%.
IBM shares sank Thursday, as slightly weaker-than-expected software revenue growth is weighing on a second-quarter earnings ...
Shares of International Business Machines Corp. declined the most since April 2024 after the company reported weaker-than-expected sales in its closely watched software segment, disappointing ...
IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its ...
IBM Corp. beat expectations on second-quarter earnings and revenue today, aided by strong sales of new mainframe hardware ...
IBM shares dropped 7% after its Q2 software revenue missed estimates, despite beating overall earnings and revenue ...
IBM ( IBM) is down 7.6% today despite reporting some solid headline numbers. Revenue of $16.98 billion beat the $16.59 ...
IBM stock gets slammed after reporting positive Q2 result. Revenue beat forecasts by $385 million as infrastructure revenue rose 14% YoY. Analysts largely take positive view of IBM despite market sell ...
The S&P 500 and Nasdaq traded near all-time highs at midday as a strong earnings report from Alphabet lifted big tech stocks.
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