IBM Hardware Business Challenges Continue To Weigh

By | April 17, 2014

Scalper1 News

IBM (IBM) stock was down Thursday after the company’s Q1 earnings report late Wednesday showed continued challenges with technology shifts and falling hardware sales. IBM stock was down 3.5% in morning trading in the stock market today, near 189. A sharp drop in hardware sales and in emerging markets continued to hurt IBM, which posted its eighth straight quarter of declining year-over-year revenue. IBM posted Q1 revenue of $22.5 billion, down 4% Scalper1 News

Scalper1 News