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What Analysts Are Saying About IBM's Outlook

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International Business Machines Corporation NYSE:IBM - What Analysts Are Saying About IBM's Outlook

Shares of International Business Machines Corp. IBM 6.33% fell more than 6 percent despite reporting better-than-expected results. Investors aren't impressed with the company reporting revenue drop for the 16th straight quarter, hurt by customer migration to cloud services.

"A bevy of one-time items and acquired revenue were not enough to drive a major EPS beat, which we think investors had been expecting even if it was low-quality," Barclays' Mark Moskowitz wrote in a note.

In addition, the margin pressure continues to haunt IBM. The company reported gross margin of 46.5 percent, lower than last year's 48.2 percent...


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