IBM tops third-quarter estimates and lifts guidance, but stock drops

Chairman, President and CEO of IBM Arvind Krishna attends the 55th annual World Economic Forum meeting in Davos, Switzerland, on Jan. 22, 2025.IBM reported third-quarter results that topped Wall Street estimates and lifted its guidance, citing ongoing artificial intelligence tailwinds. Still, the stock dropped 5% in extended trading. Here's how the company performed versus LSEG estimates:Earnings per share: $2.65 adjusted vs. $2.45 expectedRevenue: $16.33 billion vs. $16.09 billion expected.Revenue increase ...