Why IBM Stock Is Plummeting Today
(NYSE: IBM) stock is moving lower on Thursday despite the company posting better-than-expected quarterly results. The tech stalwart's share price was down 8% as of 11:15 a.m. ET. Shares had been down as much as 10.1% near the start of today's trading.
IBM published its second-quarter results after the market closed yesterday, and actually delivered results that came in significantly better than Wall Street had anticipated. The company also raised its full-year guidance for free cash flow (FCF), but softness in the company's Q2 software numbers is causing investors to move out of the stock.
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Source Fool.com
International Business Machines Corp Aktie
259,35 €
0,48 %
Die Community bevorzugt leicht International Business Machines Corp mit mehr Buy- als Sell-Einschätzungen.
Das von der Community festgelegte Kursziel von 263 € für International Business Machines Corp deutet auf ein leichtes Wachstumspotenzial im Vergleich zu 259.35 € hin.
