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IBM 3Q Revenue Falls, Misses Estimates

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  • Description

    FBN's Robert Gray breaks down the business day’s top stories.

  • Duration 0:54
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I'm Robert -- with your Fox Business three.

A slew of earnings reporting after the bell shares of Bellwether IBM are under pressure after the third quarter revenue fell short of estimates.

And the companies -- by its full year profit forecast which also trails expectations.

Intel has been bouncing between gains and losses in late trading -- be diminished estimates but its forecast leaves room for disappointment that chipmaker faces headwinds from shrinking PC demand.

And a shaky global economy.

CSX posted mixed third quarter results the railroad earnings beat estimates by a penny but revenues slipped below estimates on lower shipping -- him.

Meanwhile as a bullish day down on Wall Street investors cheered corporate earnings reports.

Yeah and 500 posted its second straight day of gains at its best two day run in a mind.

That is the latest from the Fox Business Network giving heated up.

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