2 Days
Source:
المشهد العربي
IBM shares fall on weak quarterly results
The stock of IBM fell by more than 17% after the announcement of its Q2 2026 earnings, which disappointed market expectations. The company's adjusted profits amounted to $2.93 per share, with revenues of $17.2 billion, compared to forecasts of $3.01 per share and $17.86 billion in revenue. CEO Arvind Krishna attributed this to weakness and slowdown in the software and infrastructure sectors, as companies increased their spending on physical components such as chips and servers to strengthen their core infrastructure, amid expectations of rising prices in the future.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)