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IBM slides despite reporting its first profit growth in almost 6 years (IBM)





IBM stock price

  • 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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Source:: BusinessInsider.Com

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