IBM Stock Drops Sharply After Disappointing Preliminary Results

International Business Machines (IBM) stock fell approximately 25% after the company released preliminary results showing revenue of $17.2 billion, below Wall Street estimates. The sharp decline triggered significant volatility in IBM's July 17 options chain.

By Max Gottlich, SA News Editor · Seeking Alpha ·

IBM Stock Drops Sharply After Disappointing Preliminary Results

Tickers: $IBM

Topics: IBM options volatility revenue miss

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