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.
Image source: Getty Images.
Source Fool.com
International Business Machines Corp Aktie
197,78 €
0,51 %
Klarer Community-Favorit: International Business Machines Corp mit vielen Buy- und wenigen Sell-Einschätzungen.
Das Community-Kursziel von 268 € für International Business Machines Corp deutet auf eine deutliche Steigerung um mehr als 20% gegenüber dem aktuellen Kurs von 197.78 € hin.
