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Tag: Earnings Report

IBM Shares Plunge As Revenue Declines For Another Quarter

IBM Shares Plunge As Revenue Declines For Another Quarter

IBM earnings top Wall Street estimates yet revenue declines for a straight fourth quarter with Red Hat driving most revenues. As the company steers into new segments led by mergers & acquisitions, it expects to focus more on its new strategy after spinning off its legacy managed infrastructure services division.

UnitedHealth Group Posts Earnings Exceeding Estimates Amid Increasing Medical Costs

UnitedHealth Group Posts Earnings Exceeding Estimates Amid Increasing Medical Costs

UnitedHealth Group released fourth-quarter results Wednesday, topping Wall Street’s estimates of profit and revenue. The increasing medical costs of the Group’s Insurance business UnitedHealthcare were offset by earnings of the Group’s medical services business, Optum. Shares rose slightly in the premarket trading post the earnings release.