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Shares of Kingsoft Cloud Holdings (NASDAQ:KC) fell 8.2% in pre-market trading after the company reported Q2 results.
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Quarterly Results
Earnings per share decreased 700.00% over the past year to ($0.16), which missed the estimate of ($0.13).
Revenue of $336,661,000 rose by 54.98% year over year, which beat the estimate of $335,160,000.
Looking Ahead
Q3 revenue expected between $399,591,000 and $418,177,000.
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Date: Aug 25, 2021
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/we27x57x
Price Action
Company's 52-week high was at $74.67
Company's 52-week low was at $23.81
Price action over last quarter: down 29.21%
Company Profile
Kingsoft Cloud Holdings Ltd is an independent cloud service provider in China. The company has built a cloud platform consisting of cloud infrastructure, cloud products and industry-specific solutions across public cloud, enterprise cloud, and IoT cloud services. Its products and services are categorized in compute, networking, storage and delivery, database, data analysis, security, video services, and developer services. Geographically, the firm operates in China.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.