Kingsoft Cloud Announces Unaudited Third Quarter 2020 Financial Results
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Kingsoft Cloud Holdings Limited (KC) Tops Q3 EPS by 16c, Revenues Miss
November 18, 2020 6:44 AM ESTKingsoft Cloud Holdings Limited (NASDAQ: KC) reported Q3 EPS of $0.00, $0.16 better than the analyst estimate of ($0.16). Revenue for the quarter came in at $254.6 million versus the consensus estimate of $260.82 million.
Third quarter 2020 Financial Highlights
Total revenues were RMB1,728.8 million (US$1254.6 million) in the third quarter of 2020, representing an increase of 72.6% year-over-year.Gross profit was RMB112.9 million (US$16.6 million) or 6.5% gross margin in the third quarter of 2020, compared with RMB18.7... More