International Business Machines reported better-than-expected earnings results for its latest quarter. Revenue came in at $16.3 billion, which was ahead of analysts’ expectations for $16.1 billion. “New innovation, the strength and diversity of our portfolio, and our disciplined execution led to acceleration in revenue growth and profit in the quarter,” IBM Chief Financial Officer James Kavanaugh said in the press release...
Continue ReadingTech stocks were higher Thursday afternoon, with the Technology Select Sector SPDR Fund (XLK) rising...
Continue ReadingShares of IBM slid Thursday after the tech company’s third-quarter results exceeded expectations on the top and bottom lines, but contained a few tidbits that left Wall Street disappointed...
Continue ReadingStrong Q3 results show 7% revenue growth and record free cash flow...
Continue ReadingIBM (IBM) is "well positioned" to capitalize on the current demand wave for hybrid cloud and artific...
Continue ReadingMarket Catalysts host Julie Hyman tracks several of the day's top trending stock tickers, including Super Micro Computer's (SMCI) pre-reported a miss on revenue estimates ahead of its first quarter earnings release, IBM (IBM) shares sliding lower after software sales disappointed Wall Street expectations, and quantum computing stocks are taking off after the Wall Street Journal reported that the Trump administration is considering equity stakes in the space. To watch more expert insights and analysis on the latest market action, check out more Market Catalysts...
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