Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

Why IBM Stock Is Falling Hard Today

TheMotleyFool

0 0

Shares of IBM (NYSE: IBM) were sliding today after the company reported its second-quarter financial results. Despite beating Wall Street's consensus estimates for both sales and earnings, investors were fleeing the stock after management cut its free-cash-flow (FCF) guidance for the year.

The tech stock was down by 6.1% as of 11:16 a.m. ET on Tuesday.

IBM reported adjusted earnings of $2.31 per share, up 43% from the year-ago quarter, and ahead of analysts' average estimate of $2.28. Sales also beat Wall Street's expectations, with revenue increasing 9% from a year ago to $15.5 billion, ahead of analysts' consensus estimate of $15.1 billion.

Source Fool.com

Like: 0

IBM

Share