IBM Stock Slides As Cloud Software Concerns Overshadow Beat-And-Raise Results

BREAKING: Crude Oil Jumps 5% On Trump Move The Armonk, N.Y.-based IBM said that it earned an adjusted $2.65 per share for the September-ended quarter, up 15% from a year earlier.That beat the $2.45 per share that analysts polled by FactSet were forecasting. Sales increased 9% $16.3 billion compared with analyst estimates of $16.1 billion. IBM Chief Executive Arvind Krishna touted an AI book of business that had reached more than $9.5 billion, according to IBM's news release. One year ago, Krishna said IBM's ...