Kingsoft Cloud Announces Unaudited First Quarter 2022 Financial Results

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Kingsoft Cloud Holdings Limited (KC) Tops Q1 EPS by 25c, Offers Outlook, Approves $100M Buyback Plan

June 8, 2022 6:44 AM EDT

Kingsoft Cloud Holdings Limited (NASDAQ: KC) reported Q1 EPS of ($0.02), $0.25 better than the analyst estimate of ($0.27). Revenue for the quarter came in at $342.9 million versus the consensus estimate of $312.23 million.

Our board has authorized the Company to repurchase up to USD$100 million of our ordinary... More