Market Commentary and Intraday News
News Summary: IBM delivers mixed bag in 3Q
220 days ago
By The Associated Press
HOLDING STEADY: IBM's third-quarter profit of $3.8 billion was unchanged from a year ago. Earnings per share though worked out to $3.33 per share, a gain from $3.19 per share a year ago because IBM Corp. has less stock outstanding now.
STREAK EXTENDED: The performance marked the 39th consecutive quarter in which IBM's earnings per share rose from the previous year.
WORRISOME DEVELOPMENTS: IBM's chief financial officer told analysts the company's faced "more challenging" market conditions in September, the final month of the quarter. Revenue also fell 5 percent from the same time last year amid economic weakness in Europe.
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