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

• Total revenues increased by 14.8% year over year to RMB1,201.6 million (US$177.2 million), mostly driven by the Company\'s growth in mobile revenues, which achieved a record high during the second quarter of 2017.
• Operating profit increased to RMB66.2 million (US$9.8 million) from an operating loss of RMB63.0 million in the same period last year. Non-GAAP operating profit increased by 254.3% year over year to RMB90.4 million (US$13.3 million). In particular, operating profit for the Company\'s utility products and related services business increased by 50.6% year over year to RMB212.8 million (US$31.4 million) in the second quarter of 2017, primarily driven by the Company\'s effort in optimizing its utility products\' cost and expense structure.
• Net income attributable to Cheetah Mobile shareholders increased to RMB70.2 million (US$10.4 million) from a net loss attributable to Cheetah Mobile shareholders of RMB150.5 million in the same period last year. Non-GAAP net income attributable to Cheetah Mobile shareholders increased to RMB94.4 million (US$13.9 million) from a non-GAAP net loss attributable to Cheetah Mobile shareholders of RMB61.9 million in the same period last year.
• The Company generated RMB194.7 million (US$28.7 million) of net cash from operating activities and RMB185.1 million (US$27.3 million) of free cash flow1 in the second quarter of 2017.

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