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International Business Times

Business

IBM's Second-Quarter Results Fell Short Of Expectations. Its Shares Are Plummeting

IBM International Business Machines Arvind Krishna United States

International Business Machines' shares plummeted on Tuesday after the company's preliminary second-quarter results fell short of expectations. (Credit: Getty Images)

International Business Machines' shares plummeted on Tuesday after the company's preliminary second-quarter results fell short of expectations. They were falling more than 20% in premarket trading.

CNBC noted that the company reported adjusted earnings of $2.93 per share on a $17.2 billion revenue. Analysts expected the former figure to be $3.01 and the latter $17.86 billion.

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