IBM. Shares of Big Blue are flat in pre-market trading after the company reported mixed results for the first quarter. First quarter earnings were up 9% to $2.91 a share, beating Wall Street forecasts by 10 cents. IBM posted $19.6 billion in revenue, down 12% year-over-year.
Verizon. The telecom giant topped expectations on earnings, but just missed on revenue for the first quarter. Verizon reported earnings of $1.02 per share, beating predictions of 95 cents per share. For the quarter, Verizon added 133,000 new subscribers to FiOS Internet.