Kyndryl Hldgs Q2 Adj $(0.05) Beats $(0.63) Estimate, Sales $4.07B Beat $3.95B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kyndryl Hldgs (NYSE:KD) reported Q2 losses of $(0.05) per share, beating the analyst consensus estimate of $(0.63) by 92.06%. This is a 95.97% increase over losses from the same period last year. The company also reported quarterly sales of $4.07 billion, beating the analyst consensus estimate of $3.95 billion by 3.04%, but a 2.54% decrease from the same period last year.
November 07, 2023 | 10:26 pm
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Kyndryl Hldgs reported better than expected Q2 results, with losses and sales beating estimates. However, sales decreased compared to the same period last year.
Kyndryl Hldgs reported better than expected Q2 results, which is likely to have a positive impact on the stock price in the short term. However, the decrease in sales compared to the same period last year could temper this positive impact.
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