IBM shares drop as software revenue misses
IBM CEO Arvind Krishna appears at the World Economic Forum in Davos, Switzerland, on Jan. 16, 2024. IBM shares fell as much as 6% in extended trading on Wednesday after the tech conglomerate issued second-quarter results that topped Wall Street projections. Here's how the company did in comparison with LSEG consensus: Earnings per share: $2.80 adjusted vs. $2.64 expected $2.80 adjusted vs. $2.64 expected Revenue: $16.98 billion vs. $16.59 billion IBM's revenue increased nearly 8% year over