Why Kyndryl (KD) Shares Are Plunging Today

Why Kyndryl (KD) Shares Are Plunging Today

Shares of IT infrastructure services provider Kyndryl (NYSE:KD) fell 19.6% in the afternoon session after the company reported first-quarter revenue that fell short of Wall Street’s expectations, overshadowing its in-line earnings. The IT services provider posted revenue of $3.74 billion, which missed the consensus estimate of approximately $3.83 billion. This sales disappointment occurred despite the…

Read More