Kyndryl shares are trading higher after the company raised its FY24 earnings outlook and said it expects its fiscal 2024 adjusted free cash flow will be positive.
Portfolio Pulse from Benzinga Newsdesk
Kyndryl has raised its FY24 earnings outlook and expects its fiscal 2024 adjusted free cash flow to be positive. This has led to an increase in the company's share price.
August 08, 2023 | 1:03 pm
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Kyndryl's raised FY24 earnings outlook and positive expected cash flow has led to an increase in its share price.
Kyndryl's announcement of a raised FY24 earnings outlook and positive expected cash flow for fiscal 2024 has led to increased investor confidence, resulting in a rise in the company's share price. This indicates a positive short-term impact on the company's stock.
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IMPORTANCE 80
RELEVANCE 100