12:44 PM EDT, 05/08/2024 (MT Newswires) -- (Updates with price movement in headline and first paragraph.)

Shares of Kyndryl Holdings ( KD ) were up nearly 23% in Wednesday trading after it reported a fiscal Q4 adjusted loss late Tuesday of $0.01 per share, narrower than the loss of $2.28 per share a year earlier.

Two analysts polled by Capital IQ expected a loss of $0.07 per share.

Revenue for the quarter ended March 31 was $3.85 billion, down from $4.26 billion a year earlier. Three analysts polled by Capital IQ expected $3.77 billion.

For fiscal 2025, the company expects revenue to range from $15.2 billion to $15.5 billion. Analysts polled by Capital IQ are expecting $15.48 billion.

Price: 25.52, Change: +4.75, Percent Change: +22.85