Why Ibm Stock Tumbled Today

newsfeedback@fool.com (Timothy Green), The Motley Fool
Wed, 10/17/2018 - 10:00am

Shares of International Business Machines (NYSE: IBM) fell on Wednesday after the company reported mixed third-quarter results. While earnings rose and beat analyst estimates, revenue dipped and came in below expectations. The stock was down about 6% at 12:15 a.m. EDT.IBM reported third-quarter revenue of $18.8 billion, down 2% year over year and $330 million below the average analyst estimate.

Topics: international business machines nyse ibm images stock revenue year rose reported analyst third-quarter mainframe

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Why Ibm Stock Tumbled Today

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