Why Kyndryl Holdings Stock Crushed the Market Today
Kyndryl Holdings (NYSE: KD), a relatively recent arrival to the stock market, had quite the trading session on Tuesday.
The company, essentially pieces of the legacy business of tech sector mainstay , posted fiscal first quarter of 2024 results that wowed investors. Thanks to this, its share price vaulted almost 19% higher on the day.
Kyndryl's quarter saw the tech company earn $4.19 billion in revenue. This was down, although not by an alarming level, from the $4.29 billion of second quarter 2022. The company broke even in terms of non-GAAP (adjusted) net income, representing a notable improvement over the $100 million it lost in the year-ago quarter.
Source Fool.com
International Business Machines Corp Aktie
175,76 €
-0,41 %
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