IBM falls 4% as revenue recovery falters in Q3; earnings beat

The persistent softness in the IBM’s (IBM) top-line performance worsened in the third quarter when revenues dropped and missed analysts’ estimate by a huge margin. The IT giant’s stock lost about 4% in the selloff that followed the announcement on Tuesday. Earnings, on the other hand, came in above expectations. During the third quarter, adjusted … Continue reading IBM falls 4% as revenue recovery falters in Q3; earnings beat