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Kyndryl Shares Slip 1.09% as Major Indexes Advance
Kyndryl fell while U.S. stock indexes rose, and Zacks consensus estimates project lower quarterly earnings and revenue year over year.
Key takeaways
- Kyndryl closed at $11.75, down 1.09%, while the S&P 500 gained 0.6%.
- Zacks consensus estimates call for quarterly EPS of $0.37 and revenue of $3.6 billion.
Kyndryl Holdings shares closed at $11.75, down 1.09% in the latest session. The S&P 500 gained 0.6%, while the Dow rose 0.83% and the Nasdaq added 0.64%.
Over the past month, Kyndryl shares fell 6.31%, compared with a 2.9% decline for the Business Services sector and a 1.34% gain for the S&P 500.
Ahead of the company’s upcoming earnings report, Zacks consensus estimates project earnings of $0.37 per share, down 2.63% from the same quarter last year. The revenue estimate is $3.6 billion, a 3.15% year-over-year decrease.
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Further reading
This article was produced with the help of AI technology. Source: Yahoo Finance
