IBM Stock Is Still a Buy After Mixed Results

Strong software sales and demand for AI services offset consulting weakness and an infrastructure slump. The third-quarter earnings report from International Business Machines (IBM -6.17%) on Wednesday failed to meet expectations. While the bottom line came in ahead of analyst estimates, revenue fell a bit short. IBM stock was down around 7% by lunchtime Thursday. IBM stock has surged over the past year and recently surpassed its decade-old all-time high. It makes sense, then, that investors were expecting ...