Scalper1 News
IBM stock dropped after the company fell well short of third-quarter earnings estimates, lowered its forecasts and announced it would sell its chip division. The broad-based tech vendor said it is selling its chip manufacturing business to Santa Clara, Calif.-based GlobalFoundries for $1.5 billion. IBM (IBM) early Monday reported adjusted earnings from continuing operations of $3.68 per share, below the consensus estimate of $4.31, as polled by Scalper1 News
Scalper1 News