Arab Today, arab today ibm stock sags on revenue target miss
Last Updated : GMT 05:49:56
Arab Today, arab today
Arab Today, arab today

IBM stock sags on revenue target miss

Arab Today, arab today

Arab Today, arab today IBM stock sags on revenue target miss

London - AFP

IBM on Monday reported revenue and profit rose in the recently ended quarter but its stock sagged as the US technology stalwart missed marks set by Wall Street analysts. IBM made a profit of $3.8 billion on total revenue of $26.2 billion, outperforming the same period last year by seven and eight percent respectively. "In the third quarter, we drove revenue growth, margin expansion and increased earnings as a result of our innovation-based strategy and continued investment in growth initiatives," said IBM chief executive Samuel Palmisano. "Growth markets delivered outstanding revenue performance across software, hardware, and services and contributed to the company's expanded margins," he continued. Performance in the quarter prompted the New York State based technology giant to raise its expectations regarding how much money it would take in by the end of the fiscal year. IBM stock slipped more than three percent to $179.95 per share in after-hours trading that followed release of the earnings results. Analysts had expected IBM to have slightly higher revenue in the quarter.

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ibm stock sags on revenue target miss Arab Today, arab today ibm stock sags on revenue target miss

 



Arab Today, arab today

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

Arab Today, arab today ibm stock sags on revenue target miss Arab Today, arab today ibm stock sags on revenue target miss

 



Arab Today, arab today France defies terrorism through tourism

GMT 15:18 2017 Saturday ,20 May

France defies terrorism through tourism
Arab Today, arab today Zainab Fadel Oglu designs “Shakerin” mosque

GMT 12:13 2017 Thursday ,11 May

Zainab Fadel Oglu designs “Shakerin” mosque
Arab Today, arab today Seeks to move past rift with Israel

GMT 08:00 2017 Monday ,08 May

Seeks to move past rift with Israel
View News in Arabic - Business: أخبار الشركات
Arab Today, arab today
Arab Today, arab today
Arab Today, arab today Mozambique's gas boom dream under threat

GMT 16:29 2017 Monday ,08 May

Mozambique's gas boom dream under threat
Arab Today, arab today Prepares to give stargazers an eyeful

GMT 13:38 2017 Monday ,06 March

Prepares to give stargazers an eyeful
Arab Today, arab today Jaguar displays XF Sportbrake line

GMT 14:36 2017 Monday ,08 May

Jaguar displays XF Sportbrake line
Arab Today, arab today BMW sees forecasts in reach

GMT 09:04 2017 Thursday ,04 May

BMW sees forecasts in reach
Arab Today, arab today Climate science: Bad news gets worse

GMT 08:48 2017 Saturday ,06 May

Climate science: Bad news gets worse
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday