Kyndryl Drops As CFO Departs Amid Reporting Delay

Reuters
Feb 09

Technology services company Kyndryl's KD.N shares fall 43% to $13.36 premarket.

Co unable to file quarterly report within deadline, citing material weaknesses in internal control over financial reporting.

CFO David Wyshner departs; Harsh Chugh, who is currently co's global head for corporate development and administration and was previously COO, to be interim CFO.

Co was scheduled to report Q3 2026 results on Monday.

Up to last close, stock has fallen ~46% in the last 12 months.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10