IBM Reports Mixed Q1 Earnings Results, 12% Drop in Revenue

Keep an eye on shares of International Business Machines Corp (IBM) in Tuesday's trading session. The company reported mixed first-quarter financial results. IBM posted earnings almost a dime above analysts' estimates. But, revenue missed Wall Street expectations. The technology and consulting company has reported a decline in revenue over the last three years. It repeated the trend again, reporting a 12% drop in first-quarter revenue compared to the same quarter of last year. Shares of IBM ended the regular session in positive territory, but fell in the red following the earnings release in after-hours trading. TheStreet's Kurumi Fukushima reports in New York.