HKG:3896

2 stories mentioning HKG:3896Updated 13d ago

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Guosheng Securities Starts Kingsoft Cloud Holdings at Buy with $15 Price Target

Kingsoft Cloud's Loss Widens in Q1

Kingsoft Cloud (HKG:3896) posted a net loss attributable to the company of 343.8 million yuan for the first quarter, widening from a loss of 313.9 million yuan a year earlier, according to a Wednesday Hong Kong bourse filing.Shares of the cloud service company were down over 8% in late Thursday morning trade.Loss per share came in at 0.08 yuan, unchanged from the prior-year period.Revenue increased 37% to 2.70 billion yuan from 1.97 billion yuan a year earlier.

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