International Business Machines Stock News

"Volatility Is Back": Futures Resume Sliding After Historic Rollercoaster Reversal Following one of the greatest intraday market reversals in history, US index futures resumed their decline led by the Nasdaq, signaling more pain for richly valued technology shares as investors braced for the highly anticipated Fed meeting and a flurry of earnings as geopolitical tensions between Russia and Ukraine persisted. Companies including GE, J&J, Verizon and Microsoft report earnings on Tuesday, as the Fed starts a two-day meeting. As of 7:30am ET, emini S&P futures were down 60 points or 1.36% to 4,343, Nasdaq futures were down 1.88% or 272 points and Dow futures were down 236 points or 0.68%. The VIX was at 33, after swinging between 29 and 39 on Monday; 10Y Treasury yields were unchanged at 1.77% and the dollar gained. US equities swung in a rollercoaster of volatility on Monday as both underlying gauges had erased intraday losses to end the session slightly higher as dip-buyers came in. According to JPM''s trading desk, yesterday''s 5% reversal in the Nasdaq is an uncommon occurrence: "If you exclude March 2020, yesterday was the 7th 5%+ NDX reversal since GFC.

IBM''s (IBM) fourth-quarter results were better-than-expected, sending the stock higher, leading invest firm Citi to wonder whether the IT services company had "turned the

Stock futures trade lower after last night''s stunning late-session rally; IBM shares leap after solid Q2 earnings, cloud revenue outlook; Microsoft earnings to put gaming, cloud divisions in focus; Tesla moves closer to investment grade rating after Moody''s boost and Nvidia shares slide after a report says its $40 billion Arm deal may be dead.

Wall Street stocks erased deep intra-day losses and closed mildly higher, as dip-buyers stepped in during the late trade. IBM beat earnings expectations. Asia-Pacific markets look set to open lower.

IBM''s sales rose 6.5% to $16.7 billion in the three months ending December 31.IBMs software unit, the biggest business group, grew 8.2% to $7.3 billion

The tech giant reported strong fourth-quarter results, including its best quarterly sales growth in more than a decade.

IBM reported revenue for Q32021 and the news wasnt just good. For a company that has seen negative or low revenue growth for almost a decade, it was great. Big Blue reported $16.7 billion in revenue for the quarter, up 6.5% year over year (8.6% on a constant-currency basis; the strengthening dollar is making a []

IBM reported revenue for Q32021 and the news wasnt just good. For a company that has seen negative or low revenue growth for almost a decade, it was great. Big Blue reported $16.7 billion in revenue for the quarter, up 6.5% year over year (8.6% on a constant-currency basis; the strengthening dollar is making a []

IBM Jumps On "Strongest Revenue Growth In A Decade", But A Closer Looks Reveals Same Old Accounting Gimmicks Another quarter, and another masterclass by IBM at obfuscating financial reality, only this one actually worked unlike the last few quarters. Moments ago IBM, which had seen its stock tumble after catastrophic Q3 earnings, then bounced near one-year highs only to slide over the past month into earnings alongside the rout in the broader market as traders seemingly forgot that the company is the biggest melting ice cube of all, reported non-GAAP operating EPS of $3.35, a number that as usual, has been exquisitely goalseeked to just beat expectations, which this quarter were $3.23. More surprisingly, the company''s GAAP EPS was not that far off, at $2.72. This is unexpected for a company which traditionally had applied about a 100% "improvement" between its GAAP and non-GAAP Results. First a quick reminder that today''s results were the first since IBM completed the spinoff of a large portion of its legacy infrastructure services unit in November into a new company called Kyndryl, which includes service operations like managing client data centers and traditional information-technology support.

IBM (IBM) shares surged in after-hours trading after the software and services company said fourth-quarter revenue rose 6% from a year-ago and earnings topped expectations.For the

IBM Earnings, Revenue Beat in Q4

IBM press release (IBM): Q4 Non-GAAP EPS of $3.35 beats by $0.06.Revenue of $16.7B (-18.0% Y/Y) beats by $740M.Software revenue up 8 percent, up 10 percent at constant

IBM''s revenue growth accelerated, and the company''s net income jumped in the quarter after the spinout of a major part of its business.

(The Wall Street Journal)