Kingsoft Cloud (KC) reported a Q2 loss Wednesday of 0.02 Chinese renminbi ($0.00) per diluted share, compared with a loss of 0.11 renminbi a year ago.
Four analysts polled by FactSet expected a loss of0.05 renminbi.
Revenue for the quarter ended June 30 was 3.07 billion renminbi, up from 2.35 billion renminbi a year ago.
Analysts expected 3.02 billion renminbi.
Shares of the company rose more than 5% in recent premarket activity Wednesday.
Price: $11.46, Change: $+0.62, Percent Change: +5.72%
Virgin Australia's (ASX:VGN) Velocity Frequent Flyer loyalty program has received interim authorization from the Australian Competition and Consumer Commission (ACCC) to continue its retail earn partnership with 7-Eleven Stores and its franchisees, according to a Wednesday statement from the regulator.The authorization allows Velocity members to continue earning points when making purchases at 7-Eleven stores.The airline's shares fell past 1% in recent Wednesday trade.
(Updates with stock price movement in the headline and the first paragraph.)Mercury Systems (MRCY) shares fell 11% during after-hours trading on Tuesday after the company posted lower-than-expected fiscal Q4 adjusted earnings.The company reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.
Mercury Systems (MRCY) reported fiscal Q4 adjusted earnings late Tuesday of $0.37 per diluted share, down from $0.47 a year earlier.Analysts polled by FactSet expected $0.38.Revenue for the quarter ended July 3 rose to $289.8 million from $273.1 million a year earlier.Analysts expected $266.1 million.