Kyndryl stock rallies on better-than-expected results, forecast

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Kyndryl stock rallies on better-than-expected results, forecast
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Kyndryl Holdings Inc. shares rallied in the extended session Tuesday after the managed infrastructure-service business spun off from International Business...

Kyndryl Holdings Inc. KD shares rallied in the extended session Tuesday after the managed infrastructure-service business spun off from International Business Machines Corp. IBM topped Wall Street expectations. Kyndryl shares rose as much as 9% after hours, following a 2.8% rise in the regular session to close at $13.57. The company reported a fiscal third-quarter loss of $106 million, or 47 cents a share, compared with a loss of $731 million, or $3.26 a share, in the year-ago period.

KD shares rallied in the extended session Tuesday after the managed infrastructure-service business spun off from International Business Machines Corp. IBM topped Wall Street expectations. Kyndryl shares rose as much as 9% after hours, following a 2.8% rise in the regular session to close at $13.57. The company reported a fiscal third-quarter loss of $106 million, or 47 cents a share, compared with a loss of $731 million, or $3.26 a share, in the year-ago period. Revenue declined to $4.

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