Why Kyndryl Holdings Stock Rocketed 10% Higher This Week
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IT infrastructure specialist Kyndryl Holdings (NYSE: KD) is heading into the weekend on a high note. The company's share price rose by more than 10% over the course of the week, according to data compiled by S&P Global Market Intelligence, on news of encouraging quarterly results.For its third quarter of fiscal 2025, Kyndryl posted revenue of $3.74 billion, which was down from the nearly $3.94 billion it earned in the same period of fiscal 2024. It also missed the consensus analyst estimate of $3.83 billion. The bottom-line dynamic was notably more positive. The company, which has attracted notice with its utilization of artificial intelligence (AI) in its offerings, flipped into the black with non-GAAP (adjusted) net income coming in at $124 million against the year-ago loss of $11 million. The former shakes out to $0.51 per share, well higher than the average $0.43 pundit projection.Continue readingWeiter zum vollständigen Artikel bei MotleyFool
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Quelle: MotleyFool
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