Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was expecting strength. Fbrs dan ives says the bigger point h
Making hardware into cloud computing. Ibm reported earnings of 3. 34 a share. That was four cents better than estimates. Thats the good news. But revenue fell nearly 14 from a year ago, coming in at 19. 28 billion. And that sent shares of the dow component initially lower in afterhours trading. In an interview after the results were released ibms cfo talked about the decline in revenue. Within the revenue we report we obviously have a pretty substantial currency headwind that we continue to deal with. And as we transform our business we continue to move out of areas where we dont see longterm value. So across that across our revenue base thats about 13 points of impact. Josh lipton has more now on ibms results. Reporter 5. 1 billion. That is what ibm reported for its software revenue. A drop of 10 compared with the Third Quarter of last year. Analysts had been looking for 5. 2 billion. So a point of weakness where the street was expecting strength. Fbrs dan ives says the bigger point h
Note here. Matt if you wait long on tuesday evening and you are an unhappy camper, wednesday and thursday were so bad, today you are getting back on most all of those losses. The Dow Jones Industrial average thep at 360 eight points, best the dow has done. The s p more than 2 and the nasdaq. You might have to ask him why that because we had a better than expected jobs number. Like it when the fed raises rates . Maybe they need to see that to get back to normal. This shows you the current implied policy curve in green compared to the historical curve. It is flattening out and a lot of investors are talking about expectations that obviously, it everyot be raising rates single meeting. The trajectory will be shallow. You saw today after the jobs number came out a little bit of a spike up that investors started buying the fernando the yield curve and we are still down here. We had hit a high we had not seen in years on the twoyear but at least investors are buying at the front of the curve
European markets following through to a certain extent largely in the green. Spain is the outlier there. Election. A little more election. 2. 18 for the tenyear yield. I hear that r word, but everybody says well hit below 2 again. If youre in other parts of the country youre talking r. Were talking recession. But we could be talking road map. Ours starts with star wars. And a rare look inside apples operations, and what ceo tim cook is calling political crap. And mark Martin Shkreli spe out after his arrest. The latest after that ongoing drama. Quite a sigh there. People may have been seeing on friday. Stocks set to open higher. Both the dow and the s p finished the last week below the 50 and 200day moving averages. Oil is a major factor. Brent crude has fallen to an 11year low. You know, when it comes to oil, jim, very simply it is a collapse in a central part of the world economy. Thats the way you have to think about it. I think we have to recognize there was a belief that oil would
For the First Time Ever on speculation of a bailout extension for greece. According to reports, that country will ask for an extension of the countrys alone agreement tomorrow. But there is no official word no confirmation just yet. The extension according to multiple reports would prevent the countrys current agreement from expiring at the end of the month. That prospect worried investors for months since it could lead to a spiral of events from a default to greek exit of the euro. Dow jones industrial average up 28 points to finish at 18,047. Close to an alltime high there. Nasdaq up 5 and s p 500 closed 3 points higher but that was good enough for the fresh recordthe button. A lot of action it did today was in the bond market as the yield on the ten year approached a 2015 high. Here too, analysts pointed to the pressospect of a debt extension for greece. Michelle carusocabrera reports theres one major difference now that stands between greece and its creditors. Reporter the differen