IBM shares fell 3% after the company reported third-quarter earnings that missed revenue expectations, with total revenue at $14.97 billion against a $15.07 billion forecast. The firm experienced a net loss of $330 million, attributed to a pension settlement charge, despite a 1.5% year-over-year revenue increase. Consulting revenue declined slightly, while software revenue rose 10%, bolstered by a 14% increase from Red Hat.
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