Kingsoft Cloud Hldgs: Q1 Earnings Insights
Portfolio Pulse from Benzinga Insights
Kingsoft Cloud Hldgs (NASDAQ:KC) reported Q1 earnings, missing estimated earnings by 8.7% with an EPS of $-0.25 compared to an estimate of $-0.23. Revenue was down $71.43 million from the same period last year.
May 23, 2023 | 10:31 am
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Kingsoft Cloud Hldgs missed Q1 earnings estimates by 8.7%, reporting an EPS of $-0.25 compared to an estimate of $-0.23. Revenue was down $71.43 million YoY.
Kingsoft Cloud Hldgs missed earnings estimates by 8.7% and reported a decline in revenue compared to the same period last year. This negative performance may lead to a short-term decrease in the stock price, as investors may be disappointed by the results.
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