The company reported a profit for the quarter of $57.3 million, or 65 cents a share.

These resulted in a net loss for the quarter of $276 million, or 56 cents a share.

The company now expects to show a loss in the second quarter of 7 to 9 cents a share.

As expected, the Columbus, Ohio, company reported an operating loss for the quarter of $24.5 million, or 26 cents a share.

The company preferred to focus on a pro forma loss for the quarter of $1.6 million, or 2 cents a share.

Mr. Zeien added that the company estimated earnings for the fourth quarter of 75 cents a share, on track with analysts' estimates.

The bank reported net income for the quarter of $57 million, or 51 cents a share.

He forecasts per-share earnings for the quarter of 40 cents to 45 cents.

I.B.M. had a net income in the second quarter of $1.71 billion, or 97 cents a diluted share.

That was an improvement from a loss in last year's quarter of $189 million, or 17 cents a share.