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 losses of $(0.02) per share and sales of $253.10 million, missing the analyst consensus estimate of $268.15 million by 5.61 percent. This represents an 11.08 percent decrease over sales of $284.63 million the same period last year.
August 22, 2023 | 10:42 am
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NEGATIVE IMPACT
Kingsoft Cloud's Q2 earnings report shows losses and lower than expected sales, which could negatively impact its stock price.
Kingsoft Cloud reported losses and sales that missed analyst estimates, which is typically seen as negative news by investors and could lead to a decrease in the stock price. The fact that sales decreased compared to the same period last year further compounds this negative outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100