IBM – IBM, Seagate, Ford & extra
Pedestrians stroll in entrance of the IBM constructing in New York.
Scott Mlyn | CNBC
Try the businesses making headlines after the bell:
IBM — Shares of IBM fell greater than 6% within the prolonged session after the corporate reported fourth-quarter gross sales under the place analysts have been anticipating. Income fell 6% on an annualized foundation, the fourth consecutive quarter of declines, in line with a assertion.
Ford — Shares of the American automaker dropped 2.2% after the corporate stated in a authorities submitting that it is going to be conducting a area service motion to interchange Takata airbag inflators in sure autos from model years 2006 to 2012. The corporate says it expects the motion to influence about 2.7 autos within the U.S.
CSX Corp. — CSX dropped 0.25% on headline earnings outcomes that topped analyst expectations, however a better have a look at the figures confirmed that the the railroad cuts prices quicker than income declined. Income of $2.83 billion beat expectations, although traders are intently watching its steerage for the remainder of the 12 months.
Seagate Expertise — Seagate stock dropped 4.6% regardless of reporting fiscal second-quarter revenue and gross sales forward of expectations and steerage for the third quarter about consistent with estimates. Seagate stated it skilled “broad-based enchancment” and “strong buyer demand” for its merchandise.
