International Business Machines Corporation (IBM)
| Previous Close | 184.10 |
| Open | 168.20 |
| Bid | 167.03 x 900 |
| Ask | 167.07 x 900 |
| Day's Range | 165.67 - 172.00 |
| 52 Week Range | 120.55 - 199.18 |
| Volume | |
| Avg. Volume | 4,507,690 |
| Market Cap | 152.033B |
| Beta (5Y Monthly) | N/A |
| PE Ratio (TTM) | 20.32 |
| EPS (TTM) | 8.16 |
| Earnings Date | Jul 24, 2024 - Jul 25, 2024 |
| Forward Dividend & Yield | 6.64 (3.61%) |
| Ex-Dividend Date | Feb 08, 2024 |
| 1y Target Est | 188.24 |
- Yahoo Finance Video
IBM stock plunges amid narrow Q1 revenue miss, HashiCorp talks
IBM (IBM) shares are falling in Thursday's pre-market trading session, marking their worst single-day decline since 2021. This plunge comes in the wake of the company's first-quarter results, which fell short of revenue estimates. Morning Brief anchors Seana Smith and Brad Smith discuss the report, shedding light on IBM's potential acquisition of cloud service provider HashiCorp (HCP). For more expert insight and the latest market action, click here to watch this full episode of Morning Brief. This post was written by Angel Smith
- Yahoo Finance Video
IBM earnings top estimates, acquiring HashiCorp for $6.4B
IBM (IBM) reported first quarter operating earnings of $1.68 compared to estimates of $1.59. Revenue of $14.46 billion was just shy of expectations of $14.5 billion. The tech giant also announced it was buying HashiCorp (HCP) for $35 per share, or about $6.4 billion, in a bid to boost its cloud-based offerings. Yahoo Finance's Julie Hyman and Josh Lipton break down the results. For more expert insight and the latest market action, click here to watch this full episode of Market Domination Overtime. This post was written by Stephanie Mikulich. This post has been updated to reflect a more accurate revenue estimate.
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Meta Platforms tumbles after a disappointing outlook, IBM slumps after revenue misses analysts’ estimates, and Southwest posts a wider-than-expected loss. Microsoft and Alphabet fall ahead of their earnings reports after the close of trading Thursday.
