IBM missed earnings


IBM earnings didn't disapoint and were again worse than expected. Even during pandemic where tech firms were going up and their revenues were much bigger, IBM managed to shrink in sales. IBM reported $1,36 billion profit or $1,51 down from $4,11 last year. Earnings are down to $2,07 from $4,79 last year. IBM had the lowest quater since 1997 which is not a good sign since other. In reaction on that their shares are down over 7% in premarket. (Market Watch)

2 views0 comments
  • Facebook
  • Twitter
  • LinkedIn
  • Instagram
  • YouTube

Risk Warning:
Past performance of an investment is no guide to its performance in the future. Investments, or income from them, can go down as well as up. You may not necessarily get back the amount you invested. All opinions, news, analysis, prices or other information contained in our communication and on our website, are provided as general market commentary and do not constitute investment advice, nor a solicitation or recommendation to buy or sell any financial instruments or other financial products or services.

© 2021 Trade Forum Philippines. All rights reserved.