Quartz·1 min read·easy
IBM stock plunged after the company warned its revenue fell short of expectations
✦AI Summary
IBM shares dropped following a revenue report that fell short of analyst expectations for the second quarter. The company cited the failure to close large deals on time as a primary factor for the shortfall.
IBM reported preliminary Q2 revenue of $17.2 billion, well below analyst expectations, as large deals failed to close on time
technologybusiness
✦
Get the full story
Sign up for Headlinne to unlock AI insights, political bias analysis, and your personalized news feed.
Create free accountAlready have an account? Sign in