International Business Machines reported on Thursday that its first-quarter profit rose less than analysts
had expected.
Profit rose to $1.40 billion, or 84 cents a share, from $1.36 billion, or 79 cents a share, in the previous year. Analysts were expecting 90 cents a share.
Sales w
ere up 3.3% to $22.9 billion. Analysts had forecast a growth of 6.4% to $23.4 billion.