IBM stock plunged after the company warned its revenue fell short of expectations

IBM reported preliminary Q2 revenue of $17.2 billion, well below analyst expectations, as large deals failed to close on time

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IBM $IBM warned Tuesday that its second-quarter results fell short of expectations, with both revenue and earnings coming in below what analysts had anticipated and shares dropping as much as 18% before the opening bell.

The company projected second-quarter revenue of $17.2 billion, a 1% year-over-year increase, alongside adjusted earnings of $2.93 per share. Analyst expectations called for earnings of $3.01 per share, according to CNBC. Breaking those figures down by division,........

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