Cheetah Mobile (CMCM) Misses Q2 EPS by 6c; Mobile Revs Rose 36.7%
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Cheetah Mobile Announces Second Quarter 2016 Unaudited Consolidated Financial Results
August 19, 2016 5:00 AM EDTBEIJING, Aug. 19, 2016 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company that provides mission critical applications to help make the internet and mobile experience speedier, simpler, and safer for users worldwide, today announced its unaudited consolidated financial results for the second quarter of 2016.
Second Quarter 2016 Highlights
Total revenues increased by 18.1% year-over-year to RMB1,046.7 million (US$157.5 million), exceeding the Company's previous guidance of RMB975 million to RMB1,000 million. The better-than-expected results in total revenues was primarily... More