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The Nexus
BUSINESSJul 14 · 11:49 UTCCNBC TOP

IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations

IBM shares fell over 20% after the company warned that second-quarter earnings fell short of expectations. The CEO attributed the shortfall to weakness in the software and infrastructure business as clients shifted spending toward hardware purchases.

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IBM shares skid more than 20% after company warns second-quarter earnings fell short of expectations · The Nexus