IBM Shares Falling After Hours Following 3Q Earnings Release

Date : 10/16/2019 @ 10:55PM
Source : Dow Jones News
Stock : International Business Machines Corp (IBM)
Quote : 133.98  -0.5 (-0.37%) @ 7:42PM

IBM Shares Falling After Hours Following 3Q Earnings Release

International Business M... (NYSE:IBM)
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   By Stephen Nakrosis 
 

Shares of International Business Machines Corp. (IBM) are trading lower in Wednesday's after-hours market, following the release of the company's third-quarter results.

At 6:16 p.m. ET, IBM's shares had fallen 5.14% to trade at $134.80. Volume in the after-hours market was more than 994,000 shares.

The company's stock ended the day's regular session with a 0.62% loss, closing at $142.11.

After the bell Wednesday, IBM reported sales of $18.03 billion, below analysts' expectations. Net income for the quarter was $1.67 billion, or $1.87 a share. In the year-ago period, the company reported net income of $2.69 billion, or $2.94 a share.

 

--Write to Stephen Nakrosis at stephen.nakrosis@wsj.com

 

(END) Dow Jones Newswires

October 16, 2019 18:40 ET (22:40 GMT)

Copyright (c) 2019 Dow Jones & Company, Inc.

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