Washington, United States, July 14, 2026 (AFP) - IBM shares plummet 24% after warning of disappointing results

NAMPA / AFP

2026-07-14

Shares in IBM plunged 24 percent on Tuesday after the US tech giant released disappointing preliminary second-quarter results, blaming a shift in spending by customers due to higher prices for memory chips and other computing infrastructure. "We did not adapt and move quickly enough," IBM CEO Arvind Krishna said in a letter to investors. The company said revenue for the three months ending in June came in at $17.2 billion, up just one percent. ar......

Restricted content

Business & Finance News

Washington, United States, July 14, 2026 (AFP) - US inflation cools in June before renewed Mideast fighting

2026-07-14 17:01:41

AUSTIN, July 14, 2026 (BSW) - Press Release from Business Wire: Presidio Investors

2026-07-14 17:01:41

Washington, United States, July 14, 2026 (AFP) - IBM shares plunge as AI spending boom disrupts business

2026-07-14 16:30:34

London, July 14, 2026 (AFP) - Oil gains on fresh attacks, dollar slides as inflation slows

2026-07-14 16:30:34

Madrid, July 14, 2026 (AFP) - Spain tourism revenue rises as visitors spend more

2026-07-14 16:30:34

Washington, United States, July 14, 2026 (AFP) - US consumer inflation cools in June on lower energy costs

2026-07-14 16:03:16

New York, July 14, 2026 (AFP) - US stocks climb on inflation data, bank results

2026-07-14 16:03:16

SANTA MONICA, July 14, 2026 (BSW) - Press Release from Business Wire: Clearlake Capital Group, L.P.

2026-07-14 16:03:16

Tehran, July 14, 2026 (AFP) - US strikes Iran, vows to reimpose naval blockade

2026-07-14 15:31:15

SAN FRANCISCO, July 14, 2026 (BSW) - Press Release from Business Wire: Andersen Consulting

2026-07-14 15:31:15

Latest NAMPA photos

WINDHOEK, 13 July 2026 - The Communications Regulatory Authority of Namibia's (CRAN) newly appointed Manager for Economics and Market Development, Bridget Ellen Dundee. (Photo: Contributed) NAMPA

NAMPA

SICHUAN, 08 July 2026 - Minister of Agriculture, Fisheries, Water and Land Reform, Inge Zaamwani. (Photo: Isabel Bento) NAMPA

NAMPA

OSHITAYI, 08 July 2026 - Ondangwa Urban Constituency Councillor Leonard Negonga address learners during the Ondangwa Urban Annual Constituency Culture Festival 2026 on Wednesday. (Photo: Ester Hakaala) NAMPA

NAMPA

BEIJING, 09 July 2026 - Director of Sinomine Group and Chief Executive Officer of Sinomine Tsumeb Smelter, Logan Lou Yonggang. (Photo: Isabel Bento) NAMPA

NAMPA

GABORONE, 06 July 2026 - Southern African officials will meet in Johannesburg from 15 to 17 July to advance public spending efficiency through cost-benefit analysis. (Photo: Contributed) NAMPA.

NAMPA

NEW YORK, 07 July 2026 - Diene Keita, Executive Director of UNFPA. (Photo: Contributed) NAMPA.

NAMPA

WINDHOEK, 07 July 2026 - Ana Beatriz Martins, European Union (EU) Ambassador to Namibia. (Photo: Contributed) NAMPA

NAMPA

GENEVA, 06 July 2026 - Minister of Information and Communication Technology, Emma Theofelus, pictured with Chairperson of the PowerCom Board, Eldorette Harmse, Director of the Telecommunication Development Bureau (BDT) at the International Telecommunication Union (ITU), Dr Cosmas Luckyson Zavazava; and Namibia's Ambassador to the Swiss Confederation and Permanent Representative to the United Nations Office in Geneva, Elvis Shiweda, during the Global Dialogue on AI Governance in Geneva, Switzerland, on Monday. (Photo by: Josephina Simeon) NAMPA

NAMPA