IBM stock falls after revenue misses Street view
International Business Machines Corp. IBM, +2.83% shares fell in the extended session Tuesday after the tech giant topped Wall Street expectations for quarterly earnings but not for revenue. IBM shares fell 4.1% after hours, following a 2.8% rise to close the regular session at $145.12. The company reported third-quarter net income of $2.69 billion, or $2.95 a share, compared with $2.73 billion, or $2.92 a share, in the year-ago period. Adjusted earnings were $3.42 a share. Revenue declined to $18.76 billion from $19.15 billion in the year-ago period. Analysts surveyed by FactSet had estimated $3.40 a share on revenue of $19.1 billion.
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