Kyndryl (KD) Misses Q3 EPS by 24c; raises outlook

Kyndryl (NYSE: KD) reported Q3 EPS of ($0.05), $0.24 worse than the analyst estimate of $0.19. Revenue for the quarter came in at $3.94 billion versus the consensus estimate of $3.92 billion.

Raising Fiscal Year 2024 Outlook

Kyndryl is raising its fiscal 2024 outlook for adjusted pretax income to at least $150 million and raising its fiscal 2024 outlook for adjusted EBITDA margin to at least 14.5%. The Company also continues to expect its constant-currency revenue growth to be (6%) to (7%) and for its fiscal 2024 adjusted free cash flow to be positive.

For earnings history and earnings-related data on Kyndryl (KD) click here.

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