IBM stock slips on disappointing consulting and infrastructure revenue
IBM(IBM) CNBC·2024-10-24 04:12
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024.IBM shares moved 5% lower in extended trading on Wednesday after the hardware, software and consulting provider fell short of Wall Street's revenue expectations for the third quarter.Here's how the company did in comparison with LSEG's consensus:Earnings per share: $2.30 adjusted vs. $2.23 expectedRevenue: $14.97 billion vs. $15.07 billion expectedIBM's overall revenue increased 1.5% year over year, according ...