|Bid||0.00 x 1200|
|Ask||0.00 x 1800|
|Day's range||127.96 - 131.89|
|52-week range||127.96 - 171.13|
|Beta (3Y Monthly)||1.03|
|PE ratio (TTM)||20.80|
|Forward dividend & yield||6.28 (4.68%)|
|1y target est||N/A|
After several quarters of growth, Big Blue reported a year-over-year revenue decline for the third quarter, casting doubt on its ongoing turnaround.
The young streaming-video leader outgrew its subscriber forecast last quarter, while the old tech giant slipped back into revenue shrinkage mode.
The London Bullion Market Association (LBMA) is planning to help modernise and improve transparency in the industry with an approval process for companies using blockchain technology to track the movement of gold. The embracing of blockchain, the technology behind bitcoin, aims to exclude from the global supply chain metal that is illegally mined or traded or used to finance conflict. It comes after the revelation last year that a U.S. refinery had accepted billions of dollars' worth of gold smuggled from South America.
IBM (IBM) stock tanked nearly 5% in after-hours trading after the tech giant reported sluggish third-quarter 2018 results on October 16. The weak results pulled down IBM stock by 7.6% to its lowest levels of $134.05 on Wednesday since February 29, 2016. The stock’s decline of 7.6% on October 17 was the worst one-day decline since April 19, 2013, when the stock fell 8.3%. The stock hasn’t been performing well since the beginning of the year and has declined 9.8% on a year-to-date basis as of October 17.
Oct 18 (Reuters) - International Business Machines Corp : * IBM SERVICES SIGNS $240M AGREEMENT WITH LENOVO™ TO HELP DRIVE THE FUTURE OF ITS CALL CENTERS WITH ARTIFICIAL INTELLIGENCE * IBM-TO SUPPLY FIELD ...
Investing.com - Danaher (NYSE:DHR) reported third quarter earnings that beat analyst's expectations on Thursday and revenue that topped forecasts.
Strategic imperatives continued to pick up the slack for Big Blue's fading legacy businesses in the third quarter, but top-line sales still came in a bit soft.
A sharp drop in shares of International Business Machines Inc. accelerated into the close of trading Wednesday, a day after the company reported shrinking quarterly revenue that took some shine off its recent turnaround momentum. Its 2.1% slide in revenue from a year ago served as a reminder of the company’s yearslong struggle to ditch its legacy image as a computer maker and refocus on fast-growing businesses such as cloud computing and services driven by artificial intelligence. “It was clearly a disappointing quarter,” said John Conti, a partner at SeaBridge Investment Advisors LLC, which is an investor in IBM.
Bottom Fishing After starting Wednesday lower, the S&P 500 finished just about even, despite a brief scare following the release of the minutes from September’s Federal Reserve meeting. The same couldn’t be said about the Dow, which dropped more than 90 points thanks to IBM’s post-earnings tumble. The numbers have been good: 90% of them have topped earnings forecasts and 70% have exceeded sales expectations.
Yesterday’s rally is firmly in the rear view mirror as stocks faded after a choppy session following the release of the Fed minutes. It’s not like the Fed revealed anything surprising in the blow by blow recap of the September meeting when it raised the target federal funds rate range by a quarter percentage point and promised two or three more hikes by year-end. Former Wall Street darlings like IBM, GE and Intel have had a hard time resonating with investors who have been favoring growth stocks like the FAANGs, and 2018 has been a year they would like to forget.
Stocks that moved substantially or traded heavily Wednesday: PulteGroup Inc., down 80 cents to $22.82 Homebuilders fell after the Commerce Department said construction of new homes fell in September. Netflix ...
Stocks were generally down on Wednesday as investors remained cautious ahead of the release of fresh Fed minutes. Nevertheless, earnings season is in full gear, and reports are coming in relatively strong. Here's a closer look at a few noteworthy stocks moving after reporting.
Groupon (GRPN) and IBM (IBM) recently settled their differences over patents, putting an end to a dispute that was on the verge of escalating. Groupon agreed to pay $57 million in damages to IBM to settle a jury ruling that had infringed on a number of IBM patents related to e-commerce. The jury awarded $82.5 million in damages to IBM in the case.
The S&P 500 fell 7 points, or 0.26%, to 2,820.70 as of 9:35 AM ET (13:35 GMT), while the Dow decreased 127 points, or 0.49%, to 25,671.38 and the tech-heavy Nasdaq Composite was down 10 points, or 0.13%, to 7,635.43.