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IBM Posts Earnings Beat With Stronger-Than-Expected Guidance, But Stock Falls
IBM Posts Earnings Beat With Stronger-Than-Expected Guidance, But Stock Falls · Investor's Business Daily

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IBM stock fell late Wednesday even after the tech giant reported first-quarter earnings and sales that exceeded expectations. The company also offered a stronger-than-expected sales forecast for the current quarter. The technology company know as Big Blue said it earned an adjusted $1.60 per share on sales of $14.54 billion for the March-ended quarter.