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-0.000944530310836334 -0.000944530310836334 -0.000515198351365295 0.000343465567576782 -0.000515198351365295 0.00257599175682635 -0.000686931135153686 0.00206079340546106
Stock impact report

IBM Reports Mixed Q1, Pulls Full Year Guidance [TheStreet.com]

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: TheStreet.com
Shares of IBM(Get ReportThe Armonk, New York-based company reported first quarter earnings of $1.84 on revenue of $17.6 billion, a 3.4% year over year decline. Analysts were expecting the company to report earnings of $1.79 per share on revenue of $17.62 billion.At last check, shares were down 1.2% after hours to $118.95 after rising 0.2% during the day's session."Our first-quarter performance in cloud is a reflection of the trust clients place in IBM's technology and expertise today, and positions us to continue building an enduring hybrid cloud platform for the future," said IBM CEO Arvind Krishna, who earlier this year took over the reins of the company from Ginny Rometty.According to IBM, revenues from cloud and cognitive software, which includes its recently purchased Red Hat subsidiary, cognitive applications and transaction processing platforms, rose 5% to $5.4 billion. Red Hat saw revenue climb 18%.The company also announced that it is withdrawing its full-year 2020 guidance d Show less Read more
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