IBM misses third-quarter revenue estimates as consulting drags; shares fall

IBM misses third-quarter revenue estimates as consulting drags; shares fall

IBM missed analysts’ estimates for third-quarter revenue on Wednesday, hurt by weakness in its consulting segment as businesses cut back on discretionary expenses, coupled with declines in the infrastructure business. IBM’s shares fell about 4 per cent in extended trading after rising more than 40 per cent this year, as investors bet on the company’s … Read more