Kingsoft Cloud Holdings Q1 Adj EPADS $(0.26) Misses $(0.23) Estimate, Sales $271.48M Miss $282.80M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kingsoft Cloud Holdings (NASDAQ:KC) reported Q1 adjusted EPADS of $(0.26), missing the $(0.23) estimate, and sales of $271.48M, missing the $282.80M estimate. This represents an 11.38% increase in losses and a 20.83% decrease in sales compared to the same period last year.
May 23, 2023 | 10:26 am
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Kingsoft Cloud's Q1 adjusted EPADS of $(0.26) missed the $(0.23) estimate, and sales of $271.48M missed the $282.80M estimate, indicating weaker performance than expected.
Kingsoft Cloud's Q1 results missed both earnings and sales estimates, which may negatively impact the stock price in the short term. The 11.38% increase in losses and 20.83% decrease in sales compared to last year indicate a weaker financial performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100