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Stock impact report

IBM (IBM) Stock Trades Down, Here Is Why [Yahoo! Finance]

International Business Machines Corporation (IBM) 
Last international business machines corporation earnings: 4/20 04:08 pm Check Earnings Report
US:NYSE Investor Relations: ibm.com/investor
Company Research Source: Yahoo! Finance
first-quarter results that topped Wall Street's estimates for both revenue and profit, but the stock still fell as investors were unimpressed by the narrow beat. The technology and consulting giant posted 9.5% year-on-year revenue growth to $15.92 billion and adjusted earnings per share of $1.91. While these figures were ahead of expectations, the market appeared to be hoping for more, particularly from its key Software segment. The software division's revenue only slightly exceeded analyst estimates, which was not enough to calm investor concerns about the company's competitive positioning in the high-growth artificial intelligence (AI) market. The muted outperformance suggested to some that IBM's AI strategy has yet to significantly accelerate growth, leading to a negative market reaction. The stock market overreacts to news, and big price drops can present good opportunities to buy high-quality stocks. Is now the time to buy IBM? Access our full analysis report here, it's free Show less Read more
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