KC News and Press, Kingsoft Cloud Holdings Limited From 06/08/22

Stocks suffered a setback on Wednesday, losing ground after two days of modest gains. Overall, the major averages continue to show a lack of direction, as investors remain worried about inflation, interest rates and the possibility of an eventual recession. Scotts Miracle-Gro (NYSE:SMG) was a...

Shares of Kingsoft Cloud Holdings (NASDAQ: KC) were up 9.6% as of 1:28 p.m. ET on Wednesday after the company reported earnings results for the first quarter. The largest independent cloud service provider in China reported revenue growth of 20% year over year. However, this re...

Kingsoft Cloud Holdings Limited (KC) Q1 2022 Earnings Conference Call June 8, 2022 8:00 A.M. ET Company Participants Nicole Shan - Investor Relations Manager Yulin Wang - Chief Executive Officer Haijian He - Chief Financial Officer Conference Call Participants Thomas Chong - Jefferies Sophie ...

Alibaba (NYSE:BABA) shares surged on Wednesday, along with large gains in JD.com (NASDAQ:JD) and Pinduoduo (NASDAQ:PDD), after China approved the second group of domestic licenses for video games, further signs that Beijing is working to support its tech sector. Gains were led by Alibaba (BAB...

Alibaba (NYSE:BABA), JD.com (NASDAQ:JD) and Bilibili (NASDAQ:BILI) shares jumped on Wednesday after China approved a second group of domestic licenses for video games, further signs that Beijing is working to support its tech sector. Gains were led by Bilibili (BILI), which rose more tha...

Kingsoft Cloud press release (NASDAQ:KC): Q1 GAAP EPS of -$0.02 beats by $0.30. Revenue of $342.9M (+19.9% Y/Y) beats by $18.04M. For 2Q22, the company expects total revenues to be between RMB2B and RMB2.2B, representing a year- over-year growth of -8.0% to 1.2%. The company also expects adju...

BEIJING, June 08, 2022 (GLOBE NEWSWIRE) -- Kingsoft Cloud Holdings Limited (“Kingsoft Cloud” or the “Company”) (NASDAQ: KC), a leading independent cloud service provider in China, today announced its unaudited financial results for the first quarter ended March 3...

Kingsoft Cloud (NASDAQ:KC) Q1 consensus EPS estimate is -$0.27 and consensus revenue estimate is $324.86M (+17.4% Y/Y). For 2022, consensus EPS estimate is -$0.96, while revenue estimate is $1.52B. KC is scheduled to announce Q1 earnings results on Wednesday, June 8, before mar...

Gainers: Warner Bros. Discovery (WBD) +16%. GitLab (GTLB) +10%. BuzzFeed (BZFD) +6%. Kingsoft Cloud Holdings Limited (KC) +5%. Allbirds (BIRD) +5%. Losers: Weatherford International  (WFRD) -10%. Sierra Wireless (SWIR) -5%. HashiCorp (HCP) -4%. Agora (API) -3%. AbCellera Biolog...

The KWEB ETF has been battered significantly as investors left Chinese Internet stocks in a hurry since 2021. However, we could be in the late stage of the current malaise. Our price action analysis suggests that the worst in Chinese Internet stocks seems to have been priced in. KWEB'...