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(Bloomberg) -- International Business Machines Corp. declined as much as 8% in late trading after the company reported underwhelming revenue in the third quarter, hurt by a slowdown in consulting demand.Most Read from BloombergClimate Change Is Killing Buildings in Slow MotionOman Sees an Urban Future Distinct From Dubai and Abu DhabiTransportation Policy Gets Left Behind in Presidential RaceHow Kyiv Became a Leader in Digital Services Amid Wartime StrainDhaka's Revolutionary Makeover Pits Visio...
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IBM (IBM) released mixed third quarter results after Wednesday's closing bell, reporting $14.97 billion in revenue ($15.05 billion was expected) and adjusted earnings of $2.30 per share ($2.22 was expected). IBM shares have slipped by over 4% in extended-hours trading. Market Domination Overtime Julie Hyman and Josh Lipton run through the multinational technology company's revenues across its various segments, including software and generative AI. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan...
Continue ReadingInternational Business Machines (NYSE:IBM) reported third-quarter earnings that beat analyst estimates, but revenue fell short of expectations, sending shares down 4.5% in after-hours trading...
Continue ReadingARMONK, N.Y. (AP) — International Business Machines Corp. IBM) on Wednesday reported a loss of $330 million in its third quarter. The Armonk, New York-based company said it had a loss of 36 cents per share...
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Big Tech is increasingly looking to nuclear energy to solve its power problem. But there could be downsides...
Continue Reading(Reuters) -International Business Machines missed analysts' estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business. IBM's shares fell about 4% in extended trading after rising more than 40% this year, as investors bet on the company's potential to benefit from generative AI through its software and consulting services. "A pause in discretionary spending is impacting our consulting business," CEO Arvind Krishna said during a post-earnings call...
Continue ReadingIBM (NYSE: IBM) today announced third-quarter 2024 earnings results...
Continue ReadingMicrosoft had a great session on Tuesday, rising 2% and is now back above the 50 and 200-day moving averages. Microsoft gave back just a fraction of that on Wednesday. Investors interested in taking some bullish exposure in Microsoft stock can do so with much lower risk with a bull call spread...
Continue ReadingApple and Goldman Sachs are being ordered by the Consumer Financial Protection Bureau to pay a combined $89 million in fines stemming from customer service issues with the Apple Card and regulatory violations...
Continue ReadingA federal regulator on Wednesday ordered Apple and Goldman Sachs to pay a combined $89 million for deceiving consumers and mishandled transaction disputes of Apple Card customers. Apple failed to send tens of thousands of Apple Card disputes to Goldman, and when such customer disputes were reported, the investment bank did not follow federal requirements for investigating, the agency said...
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