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Recap: Kingsoft Cloud Holdings Q3 Earnings

Kingsoft Cloud Holdings (NASDAQ:KC) reported its Q3 earnings results on Wednesday, November 24, 2021 at 06:30 AM.

Here’s what investors need to know about the announcement.

Earnings

Kingsoft Cloud Holdings missed estimated earnings by 10.0%, reporting an EPS of $-0.22 versus an estimate of $-0.2, which did not surprise analysts.

Revenue was up $119,991,000.00 from the same period last year.

Past Earnings Performance

Last quarter the company missed on EPS by $0.03, which was followed by a 1.09% increase in the share price the next day.

Here’s a look at Kingsoft Cloud Holdings’s past performance:

Quarter Q2 2021 Q1 2021 Q4 2020 Q3 2020
EPS Estimate -0.13 -0.15 -0.09 -0.16
EPS Actual -0.16 -0.15 -0.12 -0.11
Revenue Estimate 335.16M 291.33M 297.23M 261.67M
Revenue Actual 336.66M 276.80M 294.67M 254.63M

To track all upcoming earnings announcements, click to use Benzinga Earnings Calendar.

This article was generated by Benzinga’s automated content engine and reviewed by an editor.

This post was originally published on this site

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