Shares of IBM (IBM 0.06%) are down 5% today after the company announced that it missed sales estimates by a whopping $1 billion. Of course, as Motley Fool One analyst Jason Moser points out, the company still generated almost $24 billion in sales this quarter, but the news certainly doesn't help IBM's case. According to Jason, the company has suffered a tough 2013: IBM only met earnings estimates thanks to a tax benefit, sales in its international markets were down, and sales at its hardware division weren't strong. After seven consecutive quarters of missing sales estimates, Jason is a skeptical about IBM's future.
What's Wrong with IBM?
By Mark Reeth and Jason Moser – Oct 17, 2013 at 3:00PM
NYSE: IBM
International Business Machines
Market Cap
$292B
Today's Change
(-0.06%) $0.18
Current Price
$312.90
Price as of October 28, 2025 at 3:58 PM ET
Shares of IBM are down over 5% today after the company missed sales estimates. Should investors should get out now?
About the Author
Mark Reeth wasn't born incredibly handsome, like so many are--he had to work hard to get to where he is today. Thankfully, through much blood, sweat, and hair products, Mark Reeth is now one incredibly good-looking Consumer Goods Editor. But Mark Reeth wasn't born a Consumer Goods Editor--he started as a writer for Fool.com, became a Blog Editor, and now loves reading all the latest Consumer Goods news. If you want to read all the latest Consumer Goods news, follow him on Twitter @ChristmasReeth.