IBM shares fell 7.3% in after hours trading on Jan. 21 to $122.03 after it posted disappointing 4Q results. The technology giant saw revenues of $20.4 billion in the fourth quarter, falling short of the $20.7 billion consensus estimate. However, the company bested analysts’ $1.79 EPS estimate, with it reporting 4Q EPS of $2.07. The Chairman and CEO of IBM (IBM), Arvind Krishna, commented on the results, “We made progress in 2020 growing our hybrid cloud platform as the foundation for our clients’ digital transformations while dealing with the broader uncertainty of the macro environment.
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