Disappoint

**IBM Shares Plunge 9% as Consulting Unit Sales Disappoint Investors – HashiCorp Acquisition Overshadowed!**

by

Armonk, NY – International Business Machines Corp. experienced a significant drop of about 9% in after-hours trading following disappointing sales in its consulting unit. The company’s first-quarter sales saw a modest 1% increase to $14.5 billion, according to a statement released on Wednesday. IBM also restated its projection of $12 billion in free cash flow for the fiscal year ending in December, maintaining confidence in its financial outlook. In a strategic move, IBM announced its …

Read more

Stock Market Today: Chinese Stocks Fall and Markets Disappoint on Return – Full Updates Inside!

by

Investors are closely monitoring the stock market today as Chinese markets reopened after the Lunar New Year. On Friday, world shares were mixed, with Chinese stocks falling amid disappointment upon return from the holiday. The city of Shanghai saw a drop in its stock market, following a rate cut that left traders unbothered. The performance of Chinese stocks is of particular interest to investors, as they continue to navigate the impact of the Lunar New …

Read more

KFC and Taco Bell Quarterly Sales Disappoint Wall Street Expectations – Yum Brands Reports Dismal Q4 Earnings

by

Edmonton, Alberta, Canada – Yum Brands, the parent company of KFC, Taco Bell, and Pizza Hut, reported lower-than-expected sales for the last quarter of 2023. This news comes in the wake of disappointing revenue reports from other global restaurant giants such as Starbucks and McDonald’s, who also fell short of Wall Street’s expectations. Yum Brands’ stock fell by more than 1% in premarket trading following the release of its quarterly earnings report. The company’s fourth-quarter …

Read more

Stock Market Watch: Big Tech Earnings Disappoint, Now All Eyes on Apple, Amazon, and Meta After Disastrous Last Session

by

Stock index futures in New York, USA rose early Thursday, driven by anticipation for the upcoming earnings reports from major tech companies like Apple, Amazon.com, and Meta Platforms. This surge followed a dip in the markets the previous day, with the Dow Jones Industrial Average falling 317 points, the S&P 500 declining 79 points, and the Nasdaq Composite dropping 346 points. Investor sentiment has been influenced by two major factors: disappointment over big tech earnings …

Read more