Kingsoft Cloud Holdings Q1 Sales $245.93M Miss $248.31M Estimate
Portfolio Pulse from Benzinga Newsdesk
Kingsoft Cloud Holdings (NASDAQ:KC) reported Q1 sales of $245.93 million, missing the analyst consensus estimate of $248.31 million by 0.96%. This represents a 9.41% decrease from the same period last year.
May 22, 2024 | 11:18 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Kingsoft Cloud Holdings reported Q1 sales of $245.93 million, missing the analyst consensus estimate of $248.31 million by 0.96%. This also marks a 9.41% decrease from the same period last year, indicating potential challenges in revenue growth.
The miss on sales estimates and the year-over-year decline in revenue suggest potential difficulties in the company's growth trajectory. This could lead to negative sentiment among investors and a short-term decline in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100