Kyndryl Holdings (KD) shares fell 12 % in Wednesday trading after the company reported a fiscal Q1 adjusted loss of $0.12 per diluted share, swinging from earnings of $0.37 a year earlier.
Analysts polled by FactSet expected a loss of $0.16.
Revenue in the three months ended June 30 fell to $3.62 billion from $3.74 billion a year earlier.
Analysts expected $3.64 billion.
Price: $12.94, Change: $-1.76, Percent Change: -11.95%