Economy · Full coverage
IBM Shares Plunge 20% After CEO Warns Q2 Results Worse Than Expected
How 3 Israeli newsrooms covered this story — translated into English and compared side by side.
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First reported by Calcalist · 2 hours ago
What happened
IBM's shares dropped 20% after CEO Arvind Krishna warned that second-quarter revenue and earnings would fall short of expectations due to weaker-than-expected performance of the z17 mainframe and shifting customer investment priorities.
- 01IBM shares fell 20% in early trading after a profit warning ahead of Q2 earnings.
- 02The stock is on track for its worst trading day since 1961, per strategist Mike Zaccardi.
- 03Q2 revenue forecast lowered to $17.2 billion, below analysts' $17.85 billion estimate.
- 04Earnings per share expected at $2.93, missing the $3.02 market consensus.
- 05CEO Arvind Krishna cited weak z17 mainframe sales and software performance.
- 06Customers shifted spending to servers and storage amid supply concerns and cybersecurity fears.
Summary translated & synthesized from the sources below by baba. Read each original for the full report.
Full coverage · 3 outlets
The same event, reported separately by each newsroom. Open a few to compare what each emphasizes — and what they leave out.
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