IBM Gives Investors Early Good News but Markets Still Slide
Technology giant IBM injected some much-needed good news into the stock market Thursday when it made a surprise announcement that its third-quarter profit beat Wall Street estimates by 4 cents per share. The financial report, which came a week early, sent shares of Big Blue up nearly 2 percent to about $92, curbing a steep slide in the company’s stock price that began last summer. In October alone, IBM shares plummeted 23 percent.
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IBM Gives Investors Early Good News but Markets Still Slide
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