Kingsoft Cloud Holdings Limited (KC) Tops Q1 EPS by 13c

Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported Q1 EPS of ($0.02), $0.13 better than the analyst estimate of ($0.15). Revenue for the quarter came in at $276.8 million versus the consensus estimate of $291.33 million.

Business Outlook

For the second quarter of 2021, the Company expects total revenues to be between RMB2.13 billion and RMB2.23 billion, representing an accelerated year-over-year growth of 39% to 45%. This forecast reflects the Company’s current and preliminary views on the market and operational conditions, which are subject to change.

For earnings history and earnings-related data on Kingsoft Cloud Holdings Limited (KC) click here.

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