Stock Track | Kingsoft Cloud Soars 7.14% Pre-Market on Robust Q3 Financial Results, Accelerated Growth

Stock Track

2024-11-19

Kingsoft Cloud Holdings Ltd (KC) saw its stock soar 7.14% in pre-market trading on Tuesday, November 19, 2024, following the release of its unaudited third quarter 2024 financial results.

The results showed accelerated revenue growth and robust expansion of gross profit and EBITDA profit for the company. Highlights included: - Positive operating cash flow of RMB 228.4 million (USD 32.5 million) - Decreased cash usage in financing activities - Overall strong financial performance and growth metrics

The impressive financial results and growth trajectory demonstrated by Kingsoft Cloud likely contributed to the significant pre-market rally in its stock price, as investors reacted positively to the company's robust performance and future growth prospects.

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