IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations

BondNews newsroom brief · 1h ago · 1 min read · via cnbc.com

CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases.

CEO blamed the shortfall on weakness in the software and infrastructure business because clients shifted money toward hardware purchases. This story matters for Finance & Markets readers tracking bond. Reported by cnbc.com. Read the full original at the source link below.

Originally reported by cnbc.com. BondNews curates and briefs the finance & markets stories that matter. Our editorial policy →

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IBM shares drop more than 17% after company warns second-quarter earnings fell short of expectations

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