IBM Misses Expectations

Credit: Wochit
Published on April 17, 2019 - Duration: 00:32s

IBM Misses Expectations

IBM reported Q1 earnings results after Tuesday's market close.

The tech giant is reporting a quarterly revenue of $18.18 billion, missing Wall Street expectations of $18.51 billion.

Its revenue was down 4.7% from this time last year, marking the third straight quarter of declining revenue.

According to Business Insider, IBM stock slid 3% after hours.

IBM's cloud unit saw stronger growth, generating a revenue of $19.5 billion.

This was up 10% from this time last year.

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