The Ratings Game: IBM stock drops despite ‘solid’ results, as some analysts worry about slowing growth and rising risks

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International Business Machines Corp. reported better-than-expected second-quarter results after the stock market closed on Monday, which were described as “solid” and “reasonable” by some analysts.

Despite the earnings beat, the stock IBM sank 6.4% to in midday trading Tuesday, as others on Wall Street questioned the “quality” of the results decelerating growth. The stock’s selloff bucked a rally in the broader stock market, as the Dow Jones Industrial Average DJIA surged more than 500 points.

IBM’s…

This article was originally published by Marketwatch.com. Read the original article here.

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