Yahoo Finance Kingsoft Cloud Holdings First Quarter 2024 Earnings: CN¥1.49 loss per share (vs CN¥2.57 loss in 1Q 2023)
Kingsoft Cloud Holdings (NASDAQ:KC) First Quarter 2024 Results
Key Financial Results
Revenue: CN¥1.78b (down 4.8% from 1Q 2023).
Net loss: CN¥359.4m (loss narrowed by 41% from 1Q 2023).
CN¥1.49 loss per share (improved from CN¥2.57 loss in 1Q 2023).
All figures shown in the chart above are for the trailing 12 month (TTM) period
Kingsoft Cloud Holdings Earnings Insights
Looking ahead, revenue is forecast to grow 9.9% p.a. on average during the next 3 years, compared to a 9.2% growth forecast for the IT industry in the US.
Performance of the American IT industry.
The company's shares are down 18% from a week ago.
Risk Analysis
It is worth noting though that we have found 3 warning signs for Kingsoft Cloud Holdings that you need to take into consideration.
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