Tag IBM

(Reuters) -IBM beat Wall Street estimates for second-quarter revenue and profit on Wednesday, but lower-than-expected sales in its mainstay software segment overshadowed a renewal in demand for the mainframe business spurred by AI upgrades. "You're seeing the stock pull back, because there's just not a lot of room to miss," said Dan Morgan, senior portfolio manager at Synovus Trust, which holds shares in IBM. IBM's software segment, which has traditionally been a bright spot, reported sales of $7.39 billion, missing analysts' average estimate of $7.41 billion, according to data compiled by LSEG...

IBM (NYSE: IBM) today announced second-quarter 2025 earnings results...

The quantum computing sector has a new fan on Wall Street, as Canaccord Genuity became the latest to recommend a stock in the burgeoning industry. Analyst Kingsley Crane initiated coverage on D-Wave Quantum on Wednesday with a $20 price target. Other pure-play quantum stocks have followed a similar trajectory, riding a wave of investor enthusiasm and mounting interest in the technology...

Also: All the news and watercooler chat from Fortune...

Trade optimism drove global stock markets higher Wednesday after the U.S. struck agreements with Japan, the Philippines and Indonesia...

International Business Machines stock may still have further to go despite its big rally this year. According to FactSet, the consensus among analysts is for IBM to report revenue of $16.6 billion with adjusted earnings per share of $2.65 for the second quarter. Last week, Stifel analyst David Grossman reaffirmed his Buy rating and raised his price target for IBM to $310 from $290, citing the strength of its software business...