Kingsoft Cloud Hldgs: Q1 Earnings Insights - Kingsoft Cloud Hldgs (NASDAQ:KC)

Kingsoft Cloud Hldgs KC reported its Q1 earnings results on Tuesday, May 23, 2023 at 06:22 AM.

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

Kingsoft Cloud Hldgs missed estimated earnings by 8.7%, reporting an EPS of $-0.25 versus an estimate of $-0.23.

Revenue was down $71.43 million from the same period last year.

Last quarter the company missed on EPS by $0.1 which was followed by a 6.65% increase in the share price the next day.

Here's a look at Kingsoft Cloud Hldgs's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	-0.24	-0.23	-0.26	-0.27
EPS Actual	-0.34	-0.28	-0.28	-0.29
Revenue Estimate	302.87M	313.17M	297.33M	312.23M
Revenue Actual	308.97M	276.77M	284.63M	342.91M

To track all earnings releases for Kingsoft Cloud Hldgs visit their earnings calendar here.

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