IBM can’t decide if it wants to be a value or a growth stuck and that is displeasing investors, said TheStreet’s Jim Cramer. IBM shares were down Tuesday despite posting better-than-expected third-quarter earnings and revenue. IBM reported adjusted earnings in the period of $3.29 a share, topping estimates of $3.21. Revenue in the quarter was $19.23 billion, which also beat Wall Street forecasts. IBM said its strategic imperatives revenue, which includes cloud, analytics, mobility and security, rose 16% year over year, with cloud revenue alone up 44%.
Subscribe to TheStreetTV on YouTube:
For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:
source
