IBM shares fell after profit margins shrank and underlying revenue flatlined in the first quarter, suggesting slow progress in its shift towards more profitable businesses.
Tech-giant IBM closed out the 2017 calendar year with a rise in revenues for the first time in almost six years, but shares slipped in early trading after the firm warned that higher tax rates would eat away at its profits from the current trading year.
Wall Street was trading slightly higher on the last day of October with investors digesting another slew of corporate results as the US central bank's two-day policy meeting got underway.
Shares of Big Blue hit a new year-to-date low after the company underwhelmed the market with yet another quarter of falling revenues, although its performance in cloud computing was a small offset.
US technology giant International Business Machines Corp fell 5.37% in after-hours trading on Tuesday after it posted a fall in revenue for the 20th consecutive quarter.
New York-based enterprise technology firm International Business Machines Corp. posted its nineteenth consecutive fall in revenues when it reported its fourth quarter earnings on Thursday, despite the fact it beat analyst estimates on both its top and bottom lines.
IBM chief executive Ginni Rometty has said that the tech giant plans to hire 25,000 employees in the next four years, as well as spending $1bn on the training and development of new staff.
International Business Machines Corporation beat on third quarter earnings posted on Monday evening, before initially rising in the stock market before an eventual fall in after-hours.
International Business Machines' quarterly revenue was better than analysts had expected as the company's focus towards services like their cloud-based systems seems to have reaped dividends.
The conglomerate founded by investing legend Warren Buffet picked up a significant slice of shares in technology giant Apple during the first quarter of 2016, just as many investors were doing exactly the opposite following several years of strong gains for the tech sector, company filings revealed.
US stocks rose on Monday as investors seemed unfazed by a decline in oil prices after global producers failed to reach an agreement to freeze output.
IBM has agreed to acquire healthcare data group Truven Health Analytics for $2.6bn (£1.8bn).
Stock futures were pointing to a sharply lower open on Wednesday amid reports of larger-than-estimated capital outflows from China and another slide in oil futures, amid mixed data on economic activity and prices.
US stock futures turned north on Friday, with investors buoyed by Amazon's surprise profit report.
US stocks edged higher on Monday, with optimism over Greece's crisis and strong earnings reports pushing the S&P 500 and the Nasdaq Composite in record territory.
US equities struggled for direction early on Monday, despite optimism over Greece's crisis and strong earnings reports.
US stock futures pointed to an open in the black on Monday, amid optimism over Greece's crisis and strong earnings reports.
US computer storage supplier Seagate Technology issued a profit warning after demand waned in the fourth quarter.
US stocks rallied on Monday notching their best one-day gain in three weeks, with investors buoyed by new monetary easing measures from China's central bank and upbeat earnings reports.
US stocks advanced on Monday, boosted by new monetary easing measures from China's central bank and upbeat earnings reports.