IBM (IBM, $128.39) Q3 revenue misses...

Sarah Patel

published in Blogs

Oct 22, 2021

IBM (IBM, $128.39) Q3 revenue misses expectations

IBM shares fell Wednesday after hours, as the company’s third-quarter revenue came in below analysts’ expectations.

IBM’s quarterly revenue rose +0.3% from the year-ago quarter to $17.6 billion. However, it fell short of analysts' estimates of $17.8 billion.

Revenue increased +2.5%, normalized to exclude the company's Kyndryl managed infrastructure services division, which is set to be spun off Nov. 3.

The company’s sales from its cloud and cognitive software segment rose +2.5% to $5.7 billion. Its global business services revenue including consulting and application management increased +11.6% to $4.4 billion.

However, revenues for global technology services decreased -4.8% to $6.2 billion. Systems, which includes systems hardware and operating systems software, revenue fell -11.9%. Global financing revenues decreased -19.2%.

IBM's adjusted earnings for the quarter came in at $2.52 a share, compared with $2.58 in the year-ago quarter.

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Sergey Savastiouk

published in Blogs

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4 Tricks Hedge Funds Use to Get Ahead

If the stock market were Major League Baseball, hedge funds and institutional investors would be the pros on championship teams while everyday self-directed investors (SDIs) are the benchwarmers in the minors.It’s how they get ahead, and it’s why 90% of SDIs lose money trying to play (invest and trade) in the major leagues. The 4 tricks we discuss below are rooted in one common theme: they all use Artificial Intelligence and algorithms to generate data and ideas.

John Jacques

published in Blogs

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A.I. Stock Market Predictions: Head & Shoulders

Statistics for the Head-and-Shoulders Bottom Pattern The days where only hedge funds used algorithms to trade stocks are officially over. Now retail investors can use Artificial Intelligence (A.I. Here’s an example of the algorithm in action: Late last year, Tickeron’s A.I.

Sergey Savastiouk

published in Blogs

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3 Stocks to Buy if Coronavirus Second Wave Hits

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Edward Flores

published in Blogs

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How to Become the Millionaire Next Door

The Golden Gate Bridge is always a fixture of these walks too, one of man's most beautiful creations. As we were walking, at one point she turned to me and said, "Man, I'll never have a million dollars."" My girlfriend is 27 years old and works as a graphic designer, making about $75,000 a year.

Alla Petriaieva

published in Blogs

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Is Ethereum’s Bomb about to Explode?

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Sergey Savastiouk

published in Blogs

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When Is the Next Recession Coming?

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Abhoy Sarkar

published in Blogs

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Central banks have been buying $2.4 billion in assets every hour for the past two months

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Rick Pendergraft

published in Blogs

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Sergey Savastiouk

published in Blogs

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How to Start Trading Penny Stocks

Penny stocks have long been marginalized within the professional investment community, oftentimes being painted with a broad brush of simply being “too risky.” Leonardo DiCaprio’s depiction of the penny stock peddling conman, Jordan Belfort, in the Wolf of Wall Street certainly didn’t help.Here are four reasons to start trading them now. Reason #1: Let’s State the Obvious -- Penny Stocks are Cheap A single share of Apple Inc. costs over $350.

Abhoy Sarkar

published in Blogs

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US unemployment rate jumps to 14.7%, the highest in series history

The U.S. economy’s employment fell by -20.5 million in April. The coronavirus crisis led to unemployment rate soaring to 14.7% in the U.S, the highest rate in the Bureau of Labor Statistics-tracked series history that goes back to 1948. However, the figures were better compared to several economists'/analysts' forecasts of 22 million job losses and 16% unemployment rate. Another unemployment measure that includes those who have stopped looking for work as well as those holding part-time jobs for economic reasons also touched an all-time high of 22.8%.