IBM Stock Drops Despite Beating Q3 Earnings Expectations with Lower Revenue.
IBM (IBM) stock saw a decline late on Wednesday despite reporting better-than-expected third-quarter earnings. Although IBM’s revenue missed expectations, the company experienced strong growth in software sales, which was partially offset by weaknesses in consulting and infrastructure operations. IBM reported adjusted earnings of $2.30 per share on sales of $14.97 billion for the quarter ending … Read more