IBM is getting rocked after giving disappointing guidance

• IBM beat on both Wall Street estimates on both the top and bottom lines.
• Full year 2018 earnings guidance disappointed.
• Shares are down more than 7%.
• Watch IBM trade in real time here.

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IBM shares are getting rocked Wednesday, down more than 7%, after the company's first-quarter results beat on both the top and bottom lines, but the company's full year earnings guidance fell short of estimates. 

The enterprise giant earned $2.45 a share on revenue of $19.1 billion, beating the $2.41 and $18.82 billion that Wall Street was expecting. 

The company's full year earnings guidance of $13.80 a share was light, missing the Wall Street consensus by four cents. 

IBM is down more than 3% this year.  

Markets Insider