You can now read 5 articles in a month for free on BostonGlobe.com. Read as much as you want anywhere and anytime for just 99¢.

Market Movers

IBM results fall short of Wall St. forecast

IBM said weakness in the Japanese yen hurt earnings.

Dai Kurokawa/EPA

IBM said weakness in the Japanese yen hurt earnings.

Continue reading below

IBM Corp.’s first-quarter net income and revenue fell due to delays in closing several large software and mainframe computer deals. It earned $3.03 billion, or $2.70 per share, vs. $3.07 billion, or $2.61, a year earlier. Last year’s quarter had more outstanding shares, which lowers per-share results. Excluding some items, earnings were $3 per share, below Wall Street’s expectations of $3.05 per share. IBM still expects adjusted, full-year earnings of at least $16.70 per share.

Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com
Already a subscriber?
Your city. Your stories. Your Globe.
Yours FREE for two weeks.
Enjoy free unlimited access to Globe.com for the next two weeks.
Limited time only - No credit card required!
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.
Thanks & Welcome to Globe.com
You now have unlimited access for the next two weeks.
BostonGlobe.com complimentary digital access has been provided to you, without a subscription, for free starting today and ending in 14 days. After the free trial period, your free BostonGlobe.com digital access will stop immediately unless you sign up for BostonGlobe.com digital subscription. Current print and digital subscribers are not eligible for the free trial.