IBM: not good enough.
What exactly was IBM's sin that it should trade down over 3 percent after earnings beat expectations ($3.28 vs. $3.22 consensus).
Disappointing guidance? They raised the full year outlook to at least $13.35 per share, up from $13.25.
Revenue? $26.16 billion, a tad lighter than consensus of $26.26 billion. That's why the stock is down? I doubt it.