Cheetah Mobile Inc (ADR) (CMCM) reported quarterly earnings results on Thursday, May-19-2016. The company said it had a profit of $0.71 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.04. Analysts had a consensus of $0.67. The company posted revenue of $1115.00 million in the period, compared to analysts expectations of $1093.39 million. The company’s revenue was up 57.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.54 EPS.
Many Wall Street Analysts have commented on Cheetah Mobile Inc (ADR). Cheetah Mobile Inc (ADR) was Downgraded by Morgan Stanley to ” Equal-Weight” on Apr 26, 2016. JP Morgan Initiated Cheetah Mobile Inc (ADR) on Feb 23, 2016 to “Overweight”, Price Target of the shares are set at $20.
Cheetah Mobile Inc (ADR) opened for trading at $14.48 and hit $14.89 on the upside on Monday, eventually ending the session at $14.71, with a gain of 3.23% or 0.46 points. The heightened volatility saw the trading volume jump to 4,83,077 shares. Company has a market cap of $2,095 M.
Cheetah Mobile Inc. is a provider of online marketing services Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers both of which are powered by its cloud-based data analytics engines. For its users the Company’s suite of applications improves mobile and PC Internet system performance and provides real time protection against known and unknown security threats. For its customers the Company’s platform provides multiple user traffic entry points and global content distribution channels capable of delivering targeted content to hundreds of millions of people. Kingsoft Corporation Limited is the holding company of the Company.