Yahoo Finance

Kingsoft Cloud Holdings (NASDAQ:KC) Full Year 2024 Results

Key Financial Results

• Revenue: CN¥7.79b (up 11% from FY 2023).

• Net loss: CN¥1.97b (loss narrowed by 9.6% from FY 2023).

• CN¥8.06 loss per share (improved from CN¥9.17 loss in FY 2023).

We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.

All figures shown in the chart above are for the trailing 12 month (TTM) period

Kingsoft Cloud Holdings Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 2.0%. Earnings per share (EPS) also surpassed analyst estimates by 1.4%.

Looking ahead, revenue is forecast to grow 14% p.a. on average during the next 3 years, compared to a 8.9% growth forecast for the IT industry in the US.

Performance of the American IT industry.

The company's shares are up 5.3% from a week ago.

Risk Analysis

Before we wrap up, we've discovered 2 warning signs for Kingsoft Cloud Holdings (1 is concerning!) that you should be aware of.

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.

This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.