Kyndryl Holdings Inc. shares fell in the extended session Tuesday after the managed infrastructure-service business spun off from International Business...
Kyndryl Holdings Inc. KD shares fell in the extended session Tuesday after the managed infrastructure-service business spun off from International Business Machines Corp. IBM forecast revenue below Wall Street expectations. Kyndryl shares fell as much as 7% after hours, following a 0.9% decline in the regular session to close at $14.38. The company said it expects a revenue decline of 6% to 8% from the current year, or to fiscal-year revenue of about $16 billion to $16.
IBM forecast revenue below Wall Street expectations. Kyndryl shares fell as much as 7% after hours, following a 0.9% decline in the regular session to close at $14.38. The company said it expects a revenue decline of 6% to 8% from the current year, or to fiscal-year revenue of about $16 billion to $16.4 billion based on current foreign exchange rates. Analysts surveyed by FactSet had forecast $16.47 billion. The company reported a fiscal fourth-quarter loss of $737 million, or $3.
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