Kyndryl shares are trading lower on continued downward momentum after the company yesterday reported mixed Q1 financial results and issued FY24 revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
Kyndryl shares are trading lower due to continued downward momentum after reporting mixed Q1 financial results and issuing FY24 revenue guidance below estimates.
May 18, 2023 | 5:45 pm
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NEGATIVE IMPACT
Kyndryl's stock price is negatively impacted by mixed Q1 financial results and lower FY24 revenue guidance.
Kyndryl reported mixed Q1 financial results and issued FY24 revenue guidance below estimates, causing downward momentum in the stock price. Investors may be concerned about the company's future performance, leading to a negative short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100