BUZZ-Kyndryl files regulatory report after accounting review, shares jump
Reuters
Feb 17
BUZZ-Kyndryl files regulatory report after accounting review, shares jump
** Shares of software provider Kyndryl KD.N jump 11.7% to $13.68 premarket
** Co files its October-December reportwith the SEC
** Last week, KD delayed filingthe report and launched an accounting review over potential weaknesses found in its internal controls
** Co also files amendments to annual report for the fiscal year ended March 31, 2025 and to its filings for quarters ended June 30 and September 30, 2025
** Discloses a remediation plan to enhance and update related internal controls
** As of last close, stock was down ~54% YTD; it fell 23% in 2025
(Reporting by Zaheer Kachwala in Bengaluru)
((Zaheer.Kachwala@thomsonreuters.com))
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