IBM Plunges, Goldman Sachs Rises, HCA Healthcare Drops After Full-Year EPS Forecast Cut

On this episode of Stock Movers:- IBM (IBM) shares plunge. International Business Machines Corp. reported preliminary second-quarter sales that fell short of expectations, attributing the miss to customers spending their money on chips and servers amid AI-fueled shortages. Preliminary second-quarter revenue totaled $17.2 billion, below analysts’ estimates of $17.9 billion, with sales from IBM’s infrastructure division dropping 7%.- Goldman Sachs (GS) shares rise. Goldman Sachs Group Inc. posted $7.42 billion for a quarter that saw indexes rip higher and ongoing market volatility around artificial intelligence and war in the Middle East. The firm's equities result jumped 72% from a year earlier, driven both by financing and taking profit in arranging bets, and its investment bankers posted their highest fees since 2021 from advising on mergers and underwriting.- HCA Healthcare (HCA) shares drop. The healthcare services company cut its earnings per share forecast for the full year. It cited more patients struggling to access health insurance on Obamacare exchanges. HCA said a jump in the number of patients who lost Obamacare health insurance coverage hit pre-tax income by about $400 million in the second quarter.See omnystudio.com/listener for privacy information.