Cheetah Mobile (CMCM) Tops Q2 EPS by 1c, Miss on Revenues; 3Q Revenue Guidance Below Consensus

August 22, 2017 5:54 AM

Cheetah Mobile (NYSE: CMCM) reported Q2 EPS of $0.09, $0.01 better than the analyst estimate of $0.08. Revenue for the quarter came in at $177.2 million versus the consensus estimate of $182.08 million.

Business Outlook

For the third quarter of 2017, the Company expects its total revenues to be between RMB1,150 million (US$170 million) and RMB1,210 million (US$178 million), representing a year-over-year increase of 2% to 7%. This estimate represents management\'s preliminary view as of the date of this release, which is subject to change.

GUIDANCE:

Cheetah Mobile sees Q3 2017 revenue of $170-178 million, versus the consensus of $179.56 million.

Second Quarter 2017 Financial Highlights

For earnings history and earnings-related data on Cheetah Mobile (CMCM) click here.

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