Shares of International Business Machines Corp. (NYSE: IBM) are trading sharply lower in Monday’s pre-market session following the company’s report of its third quarter 2014 financial results.
IBM reported EPS of $3.68/share missing Street estimates by 14.81 percent and reported revenue of $22.4 billion; missing estimates by 970 million.
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Shares of IBM recently traded at $169.77 down 6.7 percent.
Following the announcement other technology stocks are trending lower:
Oracle Corporaton (NYSE: ORCL) down 1.74 percent
Hewlett-Packard Company (NYSE: HPQ)down 1.2 percent
Microsoft Corporation (NASDAQ: MSFT) down 0.76 percent.
Intel Corporation (NASDAQ: INTC) down 0.73 percent
QUALCOMM Inc. (NASDAQ: QCOM) down 0.25 percent
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New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.