Wall Street Watch: IBM’s Earnings Are Still Playing Catch Up
Filed under: Earnings, IBM, Market News
Jaded investors are starting to realize why IBM (IBM) is often referred to as Big Blue.
The tech giant posted mixed financial results after Tuesday’s market close.
Revenue fell 5% to $24.7 billion during the quarter, well short of the $25.3 billion that analysts were expecting. This is certainly problematic. IBM has typically been seen as a thriving tech company. The company successfully transitioned out of its low-margin hardware business and into higher margin services years before it was…
Wall Street Watch: IBM’s Earnings Are Still Playing Catch Up originally appeared on DailyFinance.com on 2012-10-17T06:00:00Z.
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