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What To Expect From IBM's Earnings Today

IBM is scheduled to report earnings after Wednesday’s close. Here's a closer look at what the Street expects.

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IBM can't spin its way out of trouble


IBM can’t spin its way out of trouble
Arvind Krishna, seen here at The Wall Street Journal: The Future Of Everything Festival in 2019, formally became chief executive officer of IBM in April.Premium
1 min read
Dan Gallagher
, The Wall Street Journal
Disappointing results bring stock back to where it was before the company announced a spin-off meant to boost growth prospects
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IBM is learning fast that even ambitious weight-loss plans don’t always solve everything.
The company more formally known as International Business Machines posted disappointing fourth-quarter results late Thursday. Revenue slipped across the company’s business lines, though the most painful miss came in Big Blue’s cloud and cognitive software segment, which saw revenue fall 4.5% year over year to $6.8 billion. That was well below the $7.3 billion Wall Street had been expecting for a key business unit that had been showing steady growth of late. The Dow component’s share price sunk 10% on Friday in its worst post-earnings reaction in at least five years, according to FactSet.

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