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Topic: enterprise-tech

An IBM office building
Companies
Wednesday, 7/15, 01:23 AM

IBM Shares Crash 25%, Its Worst Day Ever, on a Surprise Earnings Warning

  • IBM stock fell about 25% on July 14, its worst single day on record, after the company warned that second-quarter results came in well below forecasts.
  • The culprit, chief executive Arvind Krishna said, was a late-quarter rush by customers to buy scarce memory and hardware, at the expense of the software IBM sells.

In brief

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