Kingsoft Cloud Holdings reports lower revenue and increased adjusted gross profit. Kingsoft held $250.9 million in cash and equivalents as of March-end.
Shares of American Eagle Outfitters, Inc. (NYSE: AEO) declined during Tuesday’s session after the company reported third-quarter financial results.
Net revenue rose 5% Y/Y to $1.30 billion, beating the consensus of $1.28 billion. EPS of $0.49 surpassed the consensus of $0.48.
Kingsoft Cloud Holdings Limited (NASDAQ: KC) shares are trading lower after the company reported a third-quarter FY23 revenue of $222.754 million, missing the consensus of $244.77 million.
Companies Reporting Before The Bell
• Golden Ocean Group (NASDAQ:GOGL) is likely to report quarterly earnings at $0.11 per share on revenue of $149.42 million.