WS #12086
IBM reports preliminary Q2 revenue $17.2B and adj EPS $2.93, both below estimates; stock -25%, worst day on record. June CPI fell 0.4% MoM (est. -0.1%), annual rate 3.5% (est. 3.8%), core flat; reduces July rate hike probability to 17%.
IBM Preliminary Q2 Miss
IBM reports preliminary Q2 revenue $17.2B and adj EPS $2.93, both below estimates; stock -25%, worst day on record.
June CPI fell 0.4% MoM (est. -0.1%), annual rate 3.5% (est. 3.8%), core flat; reduces July rate hike probability to 17%.