|MW UPDATE: IBM quarterly sales fall short of expectations||4/18/2017 4:54:13 PM|
By , Dow Jones
Industries: Computer Hardware, Software, Internet/Computer Software, Computer Software, Financial, Manufacturing
Shares of IBM Corp. (IBM) fell 4% in after-hours trade Tuesday after the company reported year-over-year revenue and earnings declines. The PC-turned-software company reported first-quarter net income of $1.75 billion, or $1.85 a share, compared with $2 billion, or $2.09 a share, in the year-earlier period.