Why IBM Stock Crashed Today
Yahoo Finance ·
Shares of International Business Machines ( IBM 25.37% ) plunged on Tuesday after the tech giant warned of a projected profit shortfall. IBM expects its second-quarter revenue to grow by just 1% to $17.2 billion, with earnings per share down 2% to $2.27. Both figures were below Wall Street's estimates, which had called for revenue of nearly $17.9 billion and earnings of $3.01 per share.
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