making hardware into cloud computing. ibm reported earnings of $3.34 a share. that was four cents better than estimates. that s 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 ibm s 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 don t see long-term value. so across that across our revenue base that s about 13 points of impact. josh lipton has more now on ibm s 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. fbr s dan i
making hardware into cloud computing. ibm reported earnings of $3.34 a share. that was four cents better than estimates. that s 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 ibm s 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 don t see long-term value. so across that across our revenue base that s about 13 points of impact. josh lipton has more now on ibm s 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. fbr s dan i
making hardware into cloud computing. ibm reported earnings of $3.34 a share. that was four cents better than estimates. that s 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 ibm s 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 don t see long-term value. so across that across our revenue base that s about 13 points of impact. josh lipton has more now on ibm s 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. fbr s dan i
here. disney dragging the dow today. espn has lost seven million subscribers in the last two years. we ll discuss whether direct consumer strategy could help turn things around. and while some may think december is a good month tore discretionary stocks, think again. we have the three best performing stocks in december over the last ten years. some of them may surprise you. i think it will surprise me. i love surprises. courtney reagan, at a mall in illinois. bill gray at a mall in the twin cities. surveying the big box stores. he is in detroit. courtney, start things off for us. the holiday season is officially underway here. maybe less of the door buster the traffic is picking up. probably at the highest point it s been since the predawn hours here. somewhere ll says that 90% of it s retailers are reporting that traffic is the same as last year, possibly even a little stronger. not all analysts are saying they agree. fbr suszan anderson is out around the d.c. area
one of note today, walgreens we will give it up too. items of note, the indian prime minister meets secretary kerry in washington, he s really doing a full-court press. from madison square garden to central park to dinner last night with the president. where he drank only lem none water. a hearing in washington on those white house security breaches and finally just want to point out microsoft is introducing windows 9 in india. we ve got him here in the u.s. and microsoft c.e.o. in india opening up a new data center. the white house breach is something. how did they depth that far in? the damage of it, like everybody else i ve opinion in the green room who s done a tour of the white house and it s spiritual, it s part of america that this guy got into. have you been in the lincoln bedroom? no, i did not sleep in the lincoln bedroom. clearly you didn t give enough money to the clinton administration. $47. hillary said to me something, tom, you ll love