Why Kyndryl Stock Soared This Week [Yahoo! Finance]
Kyndryl Holdings, Inc. (KD)
Company Research
Source: Yahoo! Finance
services saw share prices rise 32.1% from one Friday closing bell to the next, lifted by a promising fourth-quarter earnings report. Kyndryl's quarterly results by the numbers In Q4 of fiscal year 2024 , Kyndryl's sales fell 10% year over year to $3.85 billion. The bottom line landed at a net loss of $0.20 per share, up from a $3.24 loss per share in the year-ago period. Your average Wall Street analyst had expected a loss of roughly $0.22 per share of revenues near $3.76 billion. The company outperformed these expectations across the board. The full-year results fell short of management's latest-guidance update, but investors shrugged off this miss along with the negative-revenue trend. Instead, they focused on management comments pointing to robust growth and wider profits in the next fiscal year, not to mention an updated business plan. Kyndryl's stock skyrocketed 29% higher the next day and only added to these Wednesday gains as the week closed out. Kyndryl's Growth St
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KD
Earnings
- 5/7/24 - Beat
KD
Sec Filings
- 6/3/24 - Form 144
- 5/30/24 - Form 10-K
- 5/8/24 - Form SC
- KD's page on the SEC website