IBM Drops as Market Reacts to Ambiguity About 4Q Results

Author:
Publish date:

IBM

(IBM) - Get Report

was down 14.8% in preopen

Instinet

trading after

reporting third-quarter EPS of $1.08, meeting the

First Call/Thomson Financial

estimate and ahead of the year-ago 90 cents. The company's sales were below expectations, however, and its revenue outlook disappointed analysts.