IBM's 1st-quarter earnings hurt by reorganization charge; revenue slips amid hardware drop

  • by: BARBARA ORTUTAY , Associated Press
  • Updated: April 16, 2014 - 7:20 PM

NEW YORK — IBM's first-quarter earnings fell and revenue came in below Wall Street's expectations amid an ongoing decline in its hardware business, one that was exacerbated by weaker demand in China and emerging markets.

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