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IBM Stock Plummets Amid Profit Miss | Huntsville News
IBM’s stock plummeted over 20% in premarket trading, its worst day since 1961 — matching the severity of its 1987 crash. The drop followed a quarterly profit miss: IBM reported $2.93 per share and $17.2 billion in revenue, falling short of Wall Street’s $3.01 per share and $17.9 billion forecast. CEO Arvind Krishna blamed client rush-buying ahead of price hikes, cybersecurity distractions, and missed big deals — admitting the company faltered in execution. It’s a stark reminder that even tech giants can stumble when market tides shift unexpectedly. Listen in comfort:Get a discount on a Soli…
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