IBM Drops 4% After Its $22.48B Q1 Revenue Fails To Meet Investor Expectations

 This afternoon following the close of regular trading IBM reported its first quarter financial results, including revenue of $22.48 billion, GAAP earnings per share (EPS) of $2.29, and non-GAAP EPS of $2.54. Those figures were down, on a year-over-year basis, 4%, 15%, and 15%. Investors had expected IBM to earn $2.54 per share excluding one-time items, a figure it met, on revenue of $22.91… Read More