Get all your news in one place.
100's of premium titles.
One app.
Start reading
Barchart
Barchart
Wajeeh Khan

IBM Stock Crashes as International Business Machines Releases Disappointing Preliminary Q2 Results

International Business Machines (IBM) stock is on track for its worst single-day loss since the 1987 Black Monday crash after the company posted broadly disappointing preliminary Q2 results.

The company reported $17.2 billion in Q2 revenue and $2.93 in earnings per share (EPS), notably below the consensus set at $17.86 billion and $3.02 per share.

Sign up to read this article
Read news from 100's of titles, curated specifically for you.
Already a member? Sign in here
Related Stories
Top stories on inkl right now
One subscription that gives you access to news from hundreds of sites
Already a member? Sign in here
Our Picks
Fourteen days free
Download the app
One app. One membership.
100+ trusted global sources.