Kingsoft Cloud Holdings Limited (NASDAQ:KC) Q4 2023 Earnings Call Transcript March 20, 2024 Kingsoft Cloud Holdings Limited misses on earnings expectations. Reported EPS is $-0.14 EPS, expectations were $-0.12. KC isn’t one of the 30 most popular stocks among hedge funds at the end of the third quarter (see the details here). Operator: Good day […]
Kingsoft Cloud (KC) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Kingsoft Cloud Holdings Ltd (NASDAQ:KC) shares are trading higher after the company reported a fourth-quarter fiscal 2023 revenue of $242.6 million, marginally beating the consensus of $242.4 million. Revenues fell 19.2% Y/Y. Adjusted earnings per ADS was $(0.05), beating the analyst consensus of $(0.16) loss. The stock price soared after the results. The decrease in revenue was mainly due to the proactive scale-down of services for content delivery network (CDN) customers and the phasing-out of