IBM earnings disappoint as mainframe sales plunge 42% and stock tumbles IBM earnings miss expectations as mainframe sales fall 42%, revenue $17.2B and stock plunges 25%; company cuts full-year guidance …
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IBM suffers biggest one-day stock drop since 1987 after earnings miss
by Kim Stewartby Kim StewartIBM shares plunge nearly 25% after earnings miss; revenue $17.2B, adjusted EPS $2.93 IBM shares plunge nearly 25% at the U.S. open after the company reported $17.2 billion in revenue …