Kyndryl Hldgs Q3 Adj EPS $(0.05) Beats $(0.26) Estimate, Sales $3.94B Beat $3.92B Estimate
Portfolio Pulse from Benzinga Newsdesk
Kyndryl Holdings (KD) reported Q3 adjusted EPS of $(0.05), surpassing the $(0.26) estimate, with sales of $3.94B exceeding the $3.92B forecast. This represents an 8.53% decrease from last year's $4.30B.
February 06, 2024 | 9:19 pm
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POSITIVE IMPACT
Kyndryl Holdings reported a smaller than expected Q3 loss and higher sales, beating both EPS and revenue estimates.
Beating earnings and sales estimates typically leads to positive investor sentiment and can result in a short-term stock price increase. The significant beat on both the EPS and sales estimates, despite a year-over-year sales decrease, indicates operational efficiency and potential for future growth, which could positively impact Kyndryl Holdings' stock price in the short term.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100