IBM slides despite reporting its first profit growth in almost 6 years (IBM)
|01/19/2018||Posted by BusinessMediaguide.Com under General World News||
- Shares of IBM fell in pre-market trading despite an earnings beat.
- IBM reported fourth-quarter earnings after Thursday’s closing bell that beat analysts’ expectations.
- The company reported growing its revenues from the year before for the first time in 23 quarters.
- View IBM’s stock price here.
Shares of IBM slid in pre-market trading on Friday despite reporting profits that beat analysts’ expectations.
The tech giant reported a monumental quarter, breaking a 22-quarter streak of declining revenue. It reported $22.54 billion in revenue, up 4% from the same time last year. This was ahead of analysts’ expectations of $22.05 billion.
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