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IBM (IBM) stock touched a five-year low Tuesday after its Q3 earnings disappointed investors, showing the information-technology giant continues to struggle with its business transition. Late Monday, IBM reported earnings per share that beat estimates, but revenue fell 14% vs. Q3 2014, to $19.3 billion and missed Wall Street expectations. It was the 14th quarter in a row of year-over-year declining revenue. IBM stock fell as much as 5.8% in early Scalper1 News
Scalper1 News