financetom
Business
financetom
/
Business
/
Kingsoft Cloud's Q2 Loss Widens, Revenue Rises
News World Market Environment Technology Personal Finance Politics Retail Business Economy Cryptocurrency Forex Stocks Market Commodities
Kingsoft Cloud's Q2 Loss Widens, Revenue Rises
Aug 20, 2025 5:23 AM

07:54 AM EDT, 08/20/2025 (MT Newswires) -- Kingsoft Cloud ( KC ) reported Wednesday a Q2 net loss of 0.11 Chinese renminbi ($0.01) per diluted share, compared with a loss of $0.10 renminbi a year earlier.

Three analysts polled by FactSet expected a loss of 1.23 renminbi.

Revenue for the quarter ended June 30 was 2.35 billion renminbi, up from 1.89 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 2.21 billion renminbi.

Shares of Kingsoft Cloud ( KC ) declined more than 1% in recent premarket activity Wednesday.

Comments
Welcome to financetom comments! Please keep conversations courteous and on-topic. To fosterproductive and respectful conversations, you may see comments from our Community Managers.
Sign up to post
Sort by
Show More Comments
Related Articles >
Soccer-'I do things in my own way', says Man United's Fernandes following Keane criticism
Soccer-'I do things in my own way', says Man United's Fernandes following Keane criticism
Mar 16, 2025
March 17 (Reuters) - Manchester United ( MANU ) captain Bruno Fernandes said he has plenty of respect for the Premier League club's former skipper Roy Keane but he wants to do things in his own way after the Irishman criticised his work rate. Fernandes, who was named man of the match for his performance in United's 3-0 win at...
UBS boss Ermotti picks up 14.9 million Swiss francs in pay in 2024
UBS boss Ermotti picks up 14.9 million Swiss francs in pay in 2024
Mar 16, 2025
ZURICH (Reuters) - The pay package of UBS CEO Sergio Ermotti was 14.9 million Swiss francs ($16.85 million) in 2024, the bank said on Monday. Total fixed and variable compensation for the group's executive board in 2024 was 143.6 million Swiss francs ($162.43 million) according to the bank's annual report. The group-wide bonus pool stood at $4.7 billion in 2024...
Novartis CEO says it is watching US reciprocal tariff policy 'very carefully'
Novartis CEO says it is watching US reciprocal tariff policy 'very carefully'
Mar 16, 2025
TOKYO (Reuters) -Swiss pharmaceutical giant Novartis says it is watching very carefully how the reciprocal tariff policy proposed by the United States would unfold in early April, Chief Executive Vas Narasimhan said in Tokyo.U.S. President Donald Trump last month flagged potential import duties of about 25% on pharmaceuticals as part of measures affecting other industries, including semiconductors and automobiles, as...
ExxonMobil Australia, Woodside approve final investment decision for $221 million gas project
ExxonMobil Australia, Woodside approve final investment decision for $221 million gas project
Mar 16, 2025
March 17 (Reuters) - ExxonMobil's ( XOM ) Australian unit said on Monday that its Gippsland Basin joint venture with Woodside Energy ( WDS ) has approved its final investment decision to develop the Turrum Phase 3 project, targeting underdeveloped gas resources. The approval is for the A$350 million ($221.31 million) project, which aims to drill five new wells in...
Copyright 2023-2026 - www.financetom.com All Rights Reserved