12:51 PM EDT, 03/20/2024 (MT Newswires) -- Kingsoft Cloud Holdings ( KC ) reported a Q4 net loss of 0.08 renminbi ($0.01) per diluted share, narrowing from a net loss of 0.14 renminbi a year earlier.

Analysts polled by Capital IQ expected a loss of 1.26 renminbi.

Revenue for the quarter ended Dec.31 was 1.72 billion renminbi, down from 2.13 billion renminbi a year earlier.

Analysts surveyed by Capital IQ expected 1.75 billion renminbi.

Kingsoft shares were up more than 17% in recent trading on Wednesday.

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