Kyndryl Hldgs: Q3 Earnings Insights
Portfolio Pulse from Benzinga Insights
Kyndryl Holdings (NYSE:KD) exceeded Q3 earnings expectations with an EPS of $-0.05 against an estimate of $-0.26, marking an 80.77% beat. However, revenue declined by $367 million from the same period last year. In the previous quarter, a beat on EPS estimates led to a 13.85% share price increase the following day. The company's past earnings performance shows a mixed trend in EPS and revenue estimates versus actuals over the last four quarters.
February 06, 2024 | 9:30 pm
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Kyndryl Holdings reported a significant beat on Q3 earnings estimates but saw a decrease in revenue compared to the same period last year.
Kyndryl Holdings' substantial beat on earnings estimates is likely to positively impact its stock price in the short term, similar to the previous quarter's performance post-earnings announcement. However, the decline in revenue year-over-year introduces caution, potentially moderating the extent of the positive impact.
CONFIDENCE 85
IMPORTANCE 90
RELEVANCE 100