IBM (IBM, Financial) experienced a pre-market decline of over 3.7%, trading at $224. The company's third-quarter revenue reached $14.97 billion, marking a 1.5% increase year-over-year, but falling short of market expectations of $15.05 billion. Adjusted earnings per share came in at $2.30, slightly surpassing the anticipated $2.22.
The consulting segment generated $5.15 billion, a 0.5% decrease from the previous year, and modestly below analysts' estimates of $5.19 billion. Additionally, revenue from the infrastructure sector was $3.04 billion, down 7% from the previous year and not meeting the analyst forecast of $3.24 billion.
