Kyndryl Holdings Stock Drops After Missing Q4 Earnings Expectations
Kyndryl Holdings (KD) reported Q4 earnings of $0.08 per share, significantly below the expected $0.49, leading to a 9.4% drop in its stock price. Sales also fell short of expectations, contributing to the decline. Despite strong free cash flow, the sharp drop in profits due to higher taxes and increased SG&A expenses negatively impacted investor sentiment.
Tickers: $KD