Cheetah Mobile Announces Second Quarter 2019 Unaudited Consolidated Financial Results
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Cheetah Mobile (CMCM) Misses Q2 EPS by 4c, Revenues Beat; Offers Q3 Revenue Guidance Below Consensus
August 20, 2019 7:08 AM EDTCheetah Mobile (NYSE: CMCM) reported Q2 EPS of $0.08, $0.04 worse than the analyst estimate of $0.12. Revenue for the quarter came in at $141.3 million versus the consensus estimate of $133.24 million.
Mr. Sheng Fu, Cheetah Mobile's Chairman and Chief Executive Officer, stated, "Our second quarter revenues exceeded the high end of our revenue guidance for the quarter. Notably, this revenue growth was driven by our mobile games and AI-related businesses. During the quarter, revenues from our mobile games business... More
