Kingsoft Cloud's Q3 Net Loss Widens, Revenue Rises

MT Newswires Live
2024-11-19

Kingsoft Cloud Holdings (KC) reported a Q3 net loss Tuesday of 0.29 renminbi ($0.04) per share, widening from a loss of 0.22 renminbi a year earlier.

Four analysts polled by FactSet expected a loss of 1.07 renminbi.

Total revenue for the quarter ended Sept. 30 was 1.89 billion renminbi, up from 1.63 billion renminbi a year earlier.

Four analysts surveyed by FactSet expected 1.88 billion renminbi.

Kingsoft's stock rose nearly 6% in recent Tuesday premarket activity.

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