International Business Machines (NYSE: IBM) shares dropped 3.5% to $189.60 after the company reported downbeat first-quarter revenue. IBM posted its adjusted earnings of $2.54 per share on revenue of $22.48 billion. However, analysts were projecting earnings of $2.54 per share on revenue of $22.93 billion. Share volume was 1.1 million, compared to an all-day average of 1.2 million
