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Now from State Street the company's reporting an adjusted profit of 96 cents a share topping the estimate by three cents.
Revenue came in at 2.4 four billion dollars and that fell short of the expected 2.4 seven billion dollars.
Fremont shares of IBM are lower in the premarket after that company missed profit and revenue estimates for its first quarter.
IBM says improvement in its cloud computing business couldn't offset lower sales in areas like systems and technology.
And that resulted in an adjusted profit of three dollars a share a nickel short of analysts' expectations.
And revenue of 23 point four billion dollars down 5% from a year ago and down more than a billion dollars from the estimate.
Software revenue was flat while systems and technologies.
Sales fell 17%.
IBM forecast 2013 operating earnings to come in at sixteen dollars seventy cents a share below Wall Street estimate for sixteen dollars 77 cents.
In addition to the earnings reports also say.
IBM is negotiating the sale of its server hardware unit possibly to Lenovo the Chinese company that bought IBM's PC business back in 2005.
And checking futures we have had a green arrows across the board all morning Dow futures are now up by 74.
Yes and he's up by about ten the nasdaq's up seventeen commodities have also been trading to the -- today we've got oil up.
But 78 cents trading -- 88 dollars a barrel gold is up almost seventeen dollars at 1408 announced special report -- -- chain continues right now on Fox Business.
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