ISTANBULShares of US tech company IBM fell more than 23% in premarket trading Tuesday after its preliminary second-quarter revenue and earnings came in below market expectations. IBM reported adjusted earnings of $2.93 per share on revenue of $17.2 billion for the three months ended in June. Revenue rose 1% from a year earlier, while adjusted earnings per share increased 5%, but both figures fell short of analysts’ forecasts. Software revenue increased 5% year on year, consulting revenue was unchanged, and infrastructure revenue declined 7%, according to the preliminary results. Chief Executive Officer Arvind Krishna said the weaker-than-expected performance was partly…
Source: AA Turkey Economy
