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.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.
Comments