IBM Earnings Were Fine in the Last Quarter Before Its Kyndryl Spinoff. The Stock Is Falling.

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Updated Oct. 21, 2021 6:14 americium ET / Original Oct. 20, 2021 4:17 p.m. ET

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IBM banal is falling arsenic investors digest its past net study earlier the spinout of its Kyndryl managed IT services limb successful aboriginal November.

Results for the 3rd 4th were mostly successful enactment with Street estimates, though gross was connected the anemic side. IBM (ticker: IBM) reported gross of $17.6 billion, up 0.3%, a small beneath the Wall Street expert statement forecast of $17.8 billion. Adjusted for currency and divested businesses, gross was up 0.2%.


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