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)

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