IBM Shares Fall Over 25% After Weak Preliminary Earnings Report
International Business Machines Corporation (NYSE: IBM) experienced its worst single-day stock decline after pre-reporting weaker-than-expected Q2 revenue and earnings. The drop was exacerbated by a securities-fraud inquiry into potential exaggeration of sales pipeline data, raising concerns about forecasting credibility.
Tickers: $IBM
Topics: IBM quantum computing revenue miss securities fraud inquiry stock decline