Updated from 4:17 p.m. EDT: Technology juggernaut IBM ( IBM) Wednesday evening posted in-line second-quarter earnings on softer-than-expected sales. For the quarter, the Armonk, N.Y.-based company reported net income of $2 billion, or $1.15 a share, matching the consensus earnings estimate of analysts polled by Thomson Financial/First Call. Year-ago earnings were $1.06 a share.
Revenue growth slows at Big Blue
|Source: The company.|