Tuesday, October 18, 2011

IBM sells off on earnings...

International Business Machines Corp. (IBM). The company's quarterly results failed to impress investors used to a stellar showing from Big Blue, adding to concerns about lackluster corporate IT spending. On Monday, it raised its full-year diluted earnings forecast to at least $13.35 per share, from its prior estimate of at least $13.25. IBM reported a third-quarter profit, excluding items, of $3.28 per share, up 15 percent year over year and above expectations of $3.22.


IBM is currently down 8.65 to 177.95

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