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| Tables & Charts for Tuesday, Oct 18th, 2011 Posted: 18 Oct 2011 09:03 PM PDT |
| Bill Cara's Blog for Oct 18, 2011 Posted: 18 Oct 2011 04:00 AM PDT CTA Trading Desk Morning Report IBM released earnings yesterday after the close. EPS was released at $3.28, beating estimates of $3.22. However, revenue was $26.16 billion vs estimated $26.34 billion. That revenue miss had traders selling the stock following the report. IBM is down roughly 4% from yesterdays close as I write this. For a very large company with a beta of 0.70, that is called; "down a lot" in my book. |
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