Kingsoft Second Quarter 2024 Earnings: EPS Beats Expectations

Simply Wall St.09-23

Kingsoft (HKG:3888) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥2.47b (up 13% from 2Q 2023). Net income: CN¥393.4m (up by CN¥336.2m from 2Q 2023). Profit margin: 16% (up from 2.6% in ...

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Net income: CN¥393.4m (up by CN¥336.2m from 2Q 2023). Profit margin: 16% (up from 2.6% in ...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/media/hkg-3888/kingsoft-shares/news/kingsoft-second-quarter-2024-earnings-eps-beats-expectations-1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"03888","symbol_name":"金山软件","start_time":0,"source_url":"https://simplywall.st/stocks/hk/media/hkg-3888/kingsoft-shares/news/kingsoft-second-quarter-2024-earnings-eps-beats-expectations-1","article_id":"2469160379","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/industry/8041000-choice1-main-header/1585186668959"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2469160379","pubTimestamp":1727050128,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Kingsoft ( HKG:3888 ) Second Quarter 2024 Results Key Financial Results Revenue: CN¥2.47b (up 13% from 2Q 2023). Net...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"03888":"金山软件"},"translate_title":"金山软件2024年第二季度财报：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"03888":1},"content_text":"Kingsoft (HKG:3888) Second Quarter 2024 ResultsKey Financial Results Revenue: CN¥2.47b (up 13% from 2Q 2023). Net income: CN¥393.4m (up by CN¥336.2m from 2Q 2023). Profit margin: 16% (up from 2.6% in 2Q 2023). The increase in margin was primarily driven by higher revenue. EPS: CN¥0.29 (up from CN¥0.04 in 2Q 2023).  SEHK:3888 Earnings and Revenue Growth September 23rd 2024 All figures shown in the chart above are for the trailing 12 month (TTM) period Kingsoft EPS Beats Expectations  Revenue was in line with analyst estimates.  Earnings per share (EPS) surpassed analyst estimates by 2.4%.      Looking ahead, revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 16% growth forecast for the Entertainment industry in Hong Kong.    Performance of the Hong Kong Entertainment industry.  The company's shares are up 7.5% from a week ago.   Balance Sheet Analysis While earnings are important, another area to consider is the balance sheet.  See our latest analysis on Kingsoft's balance sheet health. Valuation is complex, but we're here to simplify it.Discover if Kingsoft might be undervalued or overvalued with our detailed analysis, featuring fair value estimates, potential risks, dividends, insider trades, and its financial condition.Access Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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