Stock Market Alert - IBM shares look to trade lower on Friday after the behemoth reported Q4 earnings that seemed to disappoint investors. The stock, which closed the regular session at $99.45, traded down to $94.24 in the afterhours session. The company reported net income of $2.31 per share on revenues of $26.3 billion dollars, ahead of analyst estimates of $2.19 per share of net income and revenues of $25.7 billion dollars. But it now appears that investors were hoping for more, and IBM’s stock will pay the price on Friday.
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