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A sharp drop in hardware sales and in emerging markets continues to hurt IBM, which again reported quarterly revenue that missed Wall Street expectations. IBM (IBM) late Tuesday posted Q4 revenue of $27.7 billion, down 5% from the year-earlier period and the seventh quarter in a row of year-to-year declines. Sales missed analyst consensus estimates of $28.25 billion, as Big Blue missed revenue expectations every quarter in 2013. IBM stock was down Scalper1 News
Scalper1 News