Shares of IBM (NYSE:IBM) 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.
Jason Moser has no position in any stocks mentioned. Fool contributor Mark Reeth has no position in any stocks mentioned. The Motley Fool owns shares of International Business Machines. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.