UPDATE: Kingsoft Cloud Holdings Q2 Adj $(0.18) Beats $(0.20) Estimate, Sales $253.14M Miss $268.15M Estimate
Portfolio Pulse from Happy Mohamed
Kingsoft Cloud Holdings (NASDAQ:KC) reported Q2 losses of $(0.18) per share, beating the analyst consensus estimate of $(0.20) by 10 percent. However, the company's quarterly sales of $253.14 million missed the analyst consensus estimate of $268.15 million by 5.60 percent.
August 22, 2023 | 12:20 pm
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NEUTRAL IMPACT
Kingsoft Cloud's Q2 earnings beat estimates but sales missed, which could lead to mixed market reactions.
Kingsoft Cloud's earnings beat could be seen as a positive sign by investors, potentially driving the stock price up. However, the sales miss could also be seen as a negative sign, potentially driving the stock price down. The net effect on the stock price is uncertain, hence the neutral score.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100