Comment on IBM’s Shares Slip After Its Q4 Revenue Falls On Weak Hardware Performance

IBM’s Shares Slip After Its Q4 Revenue Falls On Weak Hardware Performance

This fine Tuesday, IBM reported its fourth-quarter financial performance and was greeted with raspberries from investors with period revenue of $27.7 billion and earnings per share excluding items of $6.13. Using GAAP, IBM earned $6.2 billion, or $5.73. Off nearly a percent in regular trading, IBM eased another 2.5 percent in after-hours trading. Investors had expected IBM to earn revenue of $28.25 billion and non-GAAP earnings per share of $5.99.

 

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