IBM Corp, the world’s biggest technology services company, missed analysts’ estimates for the fourth quarter of 2013. That marks the fourth quarter in a row that IBM has come up short compared to estimates. Total revenue for the quarter fell 5 percent to $27.7 billion; whereas analysts had estimated that figure to be $28.5 billion, according to Thomson Reuters. Revenue from the tech titan’s hardware segment plunged 26 percent — based mainly on China’s rejection of the company’s server technology — to hurt the company’s revenue performance. This revenue shortfall also produced a $750 million hit to profits for the segment. In after-hours trading, shares fell 3.5 percent on the news. As to how this dismal performance would affect the company’s plans for restructuring, CEO Martin Schroeter was careful not to hit the panic button. Schroeter said, “We will continue our transformation. We will acquire key capabilities, we will divest businesses and we will rebalance our workforce as we continue to return value to shareholders.” Actually, to continue returning value to shareholders, the company needs to show a profit, not four quarters of underperformance.
IBM to Accelerate Re-Org after Disappointing Earnings
Like This Article?
Now Get Mark's FREE Special Report:
3 Dividend Plays with Sky-High Returns
This newly-released report by a top-20 living economist details three investments that are your best bets for income and appreciation for the rest of the year and beyond.
Get Access to the Report, 100% FREE
After a lengthy negotiation process, Italian car company Fiat finally acquired a 100 percent ownership stake in Chrysler.
PREMIUM SERVICES FOR INVESTORS
Dr. Mark Skousen
Named one of the "Top 20 Living Economists," Dr. Skousen is a professional economist, investment expert, university professor, and author of more than 25 books.
- Forecasts & Strategies
- Home Run Trader
- Fast Money Alert
- Five Star Trader
- TNT Trader
A former Wall Street financial advisor with three decades' experience, Bryan Perry focuses his efforts on high-yield income investing and quick-hitting options plays.
- Cash Machine
- Premium Income (exclusively for subscribers of Cash Machine)
- Quick Income Trader
- Breakout Profits Alert
- Hi-Tech Trader
Jim Woods has over 20 years of experience in the markets from working as a stockbroker,
financial journalist, and money manager. As well as a book author and regular contributor to
numerous investment websites, Jim is the editor of:
- Successful Investing
- Intelligence Report
- Bullseye Stock Trader
Bob Carlson provides independent, objective research covering all the financial issues of retirement and retirement planning. In addition, Bob serves as Chairman of the Board of Trustees of the Fairfax County (VA) Employees’ Retirement System, which has over $2.8 billion in assets.
- Retirement Watch
- Retirement Watch Spotlight Series
- Lifetime Retirement Protection Program
Jon Johnson's philosophy in investing and trading is to take what the market gives you regardless if that is to the upside or downside. For the past 21 years, Jon has helped thousands of clients gain success in the financial markets through his newsletters and education services:
- Investment House Daily
- Technical Traders Alert
- Success Trading Group
Used by financial advisors and individual investors all over the world, DividendInvestor.com is the premier provider and one-stop shop for dividend information and research.
Popular tools include our proprietary Dividend Calendar, Dividend Calculator, Dividend Score Card, and many more.
- Dividend Investor