NEW YORK (TheStreet) -- Shares of IBM (IBM - Get Report), eBay (EBAY - Get Report) and Goldman Sachs (GS - Get Report) lag the market after disappointing Wall Street with weaker-than-expected third-quarter financials.
IBM lost 6.3% to $175 as of 1:15 p.m. EST, after the tech giant recorded a 4% decrease in third-quarter revenue to $23.7 billion. Net income, however, was up 6% to $4.4 billion, and diluted earnings were $3.68 a share.
Thursday's losses mark the largest drop in share price since April 19 this year after the release of the IT company's first-quarter results. In the year to date, shares have fallen 8.3%.
"It is carrion for other, more aggressive companies," wrote Jim Cramer in his recent Real Money analysis. "While there were currency issues that were endlessly discussed by management, I am calling this one a disaster."
- You can view the full analysis from the report here: IBM Ratings Report
- You can view the full analysis from the report here: EBAY Ratings Report
- You can view the full analysis from the report here: GS Ratings Report
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