Why IBM's Stock Is Trading Lower Today

International Business Machines Corp IBM shares are trading lower after the company reported worse-than-expected first-quarter sales results. The company also withdrew 2020 guidance.

The company reported first-quarter sales results of $17.57 billion, which missed analyst estimates of $17.62 billion.

IBM looks to be a part of every aspect of an enterprise's IT needs. The company primarily sells infrastructure services, software, IT services and hardware

IBM shares were trading down 3.7% at $115.95 at the time of publication on Tuesday. The company has a 52-week high of $158.75 and a 52-week low of $90.56.