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Why Kyndryl Holdings Stock Is Soaring Today

TheMotleyFool 
0 0 07.11.24
Why Kyndryl Holdings Stock Is Soaring TodayPhoto, wide shot, wide-angle lens, Department store, sunset photo at golden hour, photo by Art Wolfe: https://img.midjourneyapi.xyz/temp/57f223bf-67a0-476b-94dd-76010fccb266.png
 

Kyndryl (NYSE: KD) stock is posting big gains following the company's recent quarterly report. The IT giant's share price was up 13.4% as of 2:15 p.m. ET. Meanwhile, the S 500 (SNPINDEX: ^GSPC) was up 0.6%.

After the market close yesterday, Kyndryl published results for the second quarter of its 2025 fiscal year, which ended Sept. 30. The company posted sales and earnings for the period that were better than Wall Street had anticipated, and the company also reaffirmed encouraging full-year guidance.

Kyndryl posted adjusted non-GAAP (generally accepted accounting principles) of $0.01 per share on revenue of $3.77 billion in fiscal Q2. Meanwhile, the average analyst estimate had actually called for the business to post an adjusted loss of $0.03 per share on revenue of $3.72 billion.

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Source Fool.com

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