IBM Faces Pressure from Geopolitical Uncertainty and Inflation Despite Strong Earnings
IBM shares fell over 7% ahead of the market open despite beating revenue and earnings estimates, as cautious full-year guidance and geopolitical uncertainty weighed on investor sentiment. CEO Arvind Krishna highlighted the impact of inflation on consumer spending and IBM's consulting business. ServiceNow and Goosehead Insurance also saw notable pre-market movements.
Topics: AI disruption earnings geopolitical uncertainty Goosehead Insurance IBM market reaction ServiceNow