Kingsoft Cloud Holdings Q2 Adj $(0.18) Beats $(0.20) Estimate, Sales $253.14M Miss $268.15M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kingsoft Cloud Holdings (NASDAQ:KC) reported Q2 sales of $313.24 million, beating the analyst consensus estimate of $268.15 million by 16.82 percent. This represents a 10.05 percent increase over sales of $284.63 million the same period last year.
August 22, 2023 | 10:30 am
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POSITIVE IMPACT
Kingsoft Cloud Holdings reported Q2 sales that beat estimates by 16.82%, indicating strong performance. This could positively impact the stock in the short term.
Kingsoft Cloud Holdings reported higher than expected sales for Q2, which is a positive indicator of the company's performance. This could lead to increased investor confidence and a potential rise in the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100