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Big Blue's Wild Wednesday Ride: IBM Crushes Q3 Earnings, So Why Did the Stock Tank Mid-Call?

Source: fool.com

Corporate EarningsCompany FundamentalsMarket Technicals & Flows
Big Blue's Wild Wednesday Ride: IBM Crushes Q3 Earnings, So Why Did the Stock Tank Mid-Call?

IBM beat third-quarter revenue and earnings expectations, initially sending shares up 7.3% in after-hours trading. The stock then reversed during the earnings call, falling to a 4.6% after-hours loss around 5:35 p.m.

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