BusinessEarningsquarter

IBM Earnings Were Fine in the Last Quarter Before Its Kyndryl Spinoff. The Stock Is Falling.

barrons logo

This copy is for your personal, non-commercial use only. To order presentation-ready copies for distribution to your colleagues, clients or customers visit http://www.djreprints.com.

https://www.barrons.com/articles/ibm-earnings-stock-spinout-51634760983


  • Order Reprints

  • Print Article

IBM stock is falling as investors digest its last earnings report before the spinout of its Kyndryl managed IT services arm in early November.

Results for the third quarter were largely in line with Street estimates, though revenue was on the weak side. IBM (ticker: IBM) reported revenue of $17.6 billion, up 0.3%, a little below the Wall Street analyst consensus forecast of $17.8 billion. Adjusted for currency and divested businesses, revenue was up 0.2%.

IBM…


Related Articles

Leave a Reply

Your email address will not be published. Required fields are marked *

Back to top button
Close
Close