International Business Machines Corp. shares fell in the extended session Wednesday after the company’s revenue fell short of Wall Street expectations and the company assured investors that the spinoff of its managed infrastructure-service business would not cause a disruption.

IBM IBM shares dropped as much as 5% after hours, following a less than 0.1% decline in the regular session to close at $141.90. It finished the extended session down 4.2%.

Prior…

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