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Stocks to Watch: IBM, AXP, QCOM & More
CNBC.com | July 18, 2012 | 04:41 PM EDT
Check out which companies are making headlines after the bell Wednesday:
Pershing Square Capital Management's William Ackman, told investors in a letter that it sold its Citigroup shares [ C?26.6501?
-0.4499 (-1.66%) ] to help build a stake in Procter & Gamble [ PG?64.84?
+0.02 (+0.03%) ]. Ackman told CNBC his fund owns about $1.8 billion dollars worth of stock in P&G.(Click here for after-hours quotes.)
Microsoft [ MSFT?30.6301? +0.1801 (+0.59%) ] - The software giant announced its new Windows 8 will be released on October 26. Shares edged higher in extended-hours trading. (Click here for extended-hours quote.)
IBM [ IBM?195.10? +6.85 (+3.64%) ] - The tech giant posted earnings of $3.51 a share, topping expectations for $3.42 a share. But the company posted revenue of $25.8 billion, missing Wall Street's expectations for $26.28 billion. Still, the company also raised its full-year earnings outlook, sending shares higher in after-hours trading. (Click here for extended-hours quote.)
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Source: http://www.cnbc.com/id/48227681
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