Cheetah Mobile (CMCM) Tops Q1 EPS by 2c

Cheetah Mobile (NYSE: CMCM) reported Q1 EPS of $0.09, $0.02 better than the analyst estimate of $0.07. Revenue for the quarter came in at $108.5 million versus the consensus estimate of $105.58 million.

• Total global mobile user installations increased by 23.1% quarter-over-quarter to 1,340.5 million as of March 31, 2015.
• Mobile monthly active users ("Mobile MAUs") increased by 48 million quarter-over-quarter to 443.6 million in March 2015. Mobile MAUs from overseas markets were 70.9% of total mobile MAUs in March 2015.

Business Outlook

For the second quarter of 2015, the Company expects its estimated total revenues to be between RMB785 million (US$126.6 million) and RMB795 million (US$128.2 million), representing a year-over-year growth of approximately 106% to 109%. The forecast reflects the Company's current and preliminary view, which is subject to change.

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

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