Category: James Kavanaugh

IBM beats on profits but misses on revenue, sending investors into a funk

IBM beats on profits but misses on revenue, sending investors into a funk

IBM beats on profits but misses on revenue, sending investors into a funk 1
IBM Corp. beat first-quarter net income estimates today but disappointed investors with a larger-than-expected decline in quarterly revenue, sending its stock down more than 3 percent in after-hours trading. The company blamed delayed decision-making in the Asia-Pacific region for the shortfall and continued to back away from talk of growth, focusing instead on profitability metrics. […]

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