Cheetah Mobile Inc (ADR) (CMCM) Releases Earnings Results, Misses Expectations By $-0.19 EPS

Cheetah Mobile Inc (ADR) (CMCM) reported quarterly earnings results on Friday, Aug-19-2016. The company reported $-0.44 earnings per share for the quarter, missing the analyst consensus estimate by $-0.19. Analysts had a consensus of $-0.25. The company posted revenue of $1046.70 million in the period, compared to analysts expectations of $993.99 million. The company’s revenue was up 20.2% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.81 EPS.

Cheetah Mobile Inc (ADR) closed down -0.92 points or -7.30% at $11.69 with 21,95,988 shares getting traded on Wednesday. Post opening the session at $12.63, the shares hit an intraday low of $11.41 and an intraday high of $12.74 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

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.

Cheetah Mobile Inc (ADR)

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