IBM forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02. (AP photo)

IBM stock price crash: IBM shares tumbled on Tuesday after the company indicated that its second-quarter revenue would likely fall short of Wall Street expectations. Based on preliminary results, IBM projected quarterly revenue of $17.2 billion, compared with analysts’ estimate of $17.86 billion, according to LSEG data. The company’s shares dropped 25.06% to $217.41.IBM also forecast adjusted earnings per share of $2.93 for the quarter, below the analysts’ consensus estimate of $3.02.

Why IBM share price is down today?

Following the announcement, the stock plunged by as much as 23% in premarket trading. The…