IBM Misses Third-Quarter Revenue Estimates as Consulting Drags; Shares Fall
While IBM has been expanding its Watsonx platform, which allows users to enhance code for AI programs or deploy chatbots, the AI book is driven by consulting. The book was one-fifth software and four-fifths consulting in the third quarter.
IBM Posts Higher Revenue, Boosted by AI Demand, but Stock Falls on Weakness Elsewhere
International Business Machines posted higher revenue in the third quarter as demand for artificial intelligence offset a shaky consulting environment. The tech company's generative AI book of business has now topped $3 billion,
Why IBM Stock Is Falling Today
IBM serves up mixed Q3 results. IBM reported non-GAAP (adjusted) earnings per share of $2.30 on revenue of $14.97 billion in Q3. Meanwhile, the average analyst estimate had called
IBM Stock Takes a Rare Tumble After Earnings: What to Know
IBM stock is chipping away at its impressive year-to-date return after a Q3 revenue miss, but one analyst isn't worried. Here's why.
IBM Stock Falls After Revenue Misses Wall Street Forecasts
International Business Machines (IBM) stock fell, after quarterly revenue undershot consensus estimates. While sales rose from a year earlier, boosted by high demand for artificial intelligence-related offerings,
IBM Stock Sinks as Quarterly Sales Disappoint
KEY TAKEAWAYS IBM shares are dropping 5% in premarket trading Thursday, weighing on Dow Jones Industrial Average futures, after its quarterly revenue fell short of Wall Street estimates.The company reported third-quarter revenue of $14.
Is IBM Stock a Buy, Sell, or Hold After Q3 Earnings?
Technology and consulting giant IBM (IBM) just released its Q3 earnings, showing mixed results that left investors disappointed. While the company exceeded profitability expectations, its revenue fell short,
IBM Earnings: Shares Sink as Q3 Revenue Disappoints Investors
Shares Sink as Q3 Revenue Disappoints Investors Benzinga's Premarket Prep is the #1 go-to source for everything you need to know before the market opens! Join our expert hosts as they break down the latest market trends,
IBM’s New Granite 3.0 AI Models Show Strong Performance On Benchmarks
IBM continues to increase the variety and performance of its Granite AI LLMs, as shown by Hugging Face benchmark results for ...
IBM falls as slowing enterprise spending pressure consulting growth
IBM shares fell about 5% in premarket trading on Thursday, as reduced enterprise spending on non-GenAI projects pressured its ...
Should Investors Buy IBM Stock for its Quantum Potential?
IBM — International Business Machines Corporation — (IBM) stock has surged in 2024, outpacing the rest of the market and ...
IBM Stock Is Still a Buy After Mixed Results
IBM stock has surged over the past year and recently surpassed its decade-old all-time high. It makes sense, then, that ...
Has IBM’s stock hit its peak?
IBM faces mixed earnings with strong software gains but consulting challenges. Is the stock losing steam at key resistance ...
Stock market today: Wall Street finishes mixed after Tesla soars and IBM slumps
Wall Street drifted to a mixed finish after Tesla surged and IBM slumped following their latest profit reports ...
How Much Will IBM Pay Out in Dividends in 2025?
What's in store for IBM's dividends in 2025? Here's how Big Blue's financial trends and payout policies might affect your ...
IBM: Back To Reality Soon
IBM's Q3 '24 earnings report revealed weak growth, with only a 1.5% YoY increase, despite AI hype. Read more on IBM stock ...
Earnings Preview: What To Expect From IBM
IBM Inc. scheduled to report earnings after Wednesday’s close. Here's a closer look at what Wall Street expects.