IBM slid nearly 5% in premarket trading as its net profit decreased by 33% year-on-year

IBM slid nearly 5% in premarket trading as its net profit decreased by 33% year-on-year.The financial report shows that IBM's revenue in the third quarter was 17.62 billion US dollars, an increase of 0.3% compared with 17.56 billion US dollars in the same period last year, which was lower than the average expectation of analysts of 17.77 billion US dollars;Net profit was 1.13 billion US dollars, down 33% from 1.698 billion US dollars in the same period last year; After adjustmentEarnings per share was $2.52, while analysts expected an average of $2.50.