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IBM stock drops after 21st consecutive revenue decline

IBM stock was down slightly on Tuesday after the company disclosed earnings for the second quarter of the year, falling short of revenue estimates but beating earnings estimates.

The company will start its call with financial analysts at 5 p.m. Eastern time.

  • EPS: Excluding certain items, $2.97 in earnings per share vs. $2.74 in earnings per share as expected by analysts, according to Thomson Reuters.
  • Revenue: $19.29 billion vs. $19.46 billion as expected by analysts, according to Thomson Reuters.

Revenue was down year over year for the 21st quarter in a row, off by more than 4 percent. Analysts had expected that outcome...


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