IBM Corporation (IBM) Q3 Revenue Of $19.3B Misses Street, Shares Fall In After-Hours Trading
Tech bellwether IBM, which is struggling to transform itself from a manufacturer of old-line hardware for corporate data centers to a provider of cloud and analytics services, on Monday reported lower-than-expected sales for the third quarter, but earnings beat analysts’ forecasts. The company was hard hit by the economic slowdown in Asia and plummeting demand for its server products.