IBM Falls 6% on Q3 Miss; Too Many Questions, Say Bears; Stay the Course, Say Bulls
Shares of of International Business Machines (IBM) are off $11.64, or over 6%, at $175.09, after the company last night missed Q3 revenue expectations and beat on the bottom line, and maintained its year profit outlook. The focus of the Street today is 17% drop in hardware sales, but software revenue growth of just 1% [...]
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