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The Economic Times
The Economic Times
Business
Akash Podishetti

IBM stock tumbles 25% as preliminary quarterly results fall below expectations

IBM Arvind Krishna

IBM shares fell sharply on Tuesday after the company said its second-quarter revenue is likely to come in below Wall Street estimates. The company expects revenue of $17.2 billion for the quarter, according to preliminary results. Analysts were expecting revenue of $17.86 billion, according to LSEG data.

IBM's stock fell 25.06% to $217.41.

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