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Disappointing IBM Earnings Crush IBM Stock Price (NYSE: IBM)

By , Associate Editor, Money Morning • @JimBach22 -

IBM

Just after the bell yesterday (Monday), International Business Machines Corp. (NYSE: IBM) earnings were released.

And the results were dismal. So dismal, in fact, that the IBM stock price has fallen as more than 5% in pre-market trading, erasing all the gains it has made in the last two weeks.

And it's no wonder that following IBM earnings, the market punished the IBM stock price...