Cheetah Mobile (CMCM) Reports In-Line Q1 EPS, Offers Q2 Guidance
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Cheetah Mobile Announces First Quarter 2018 Unaudited Consolidated Financial Results
May 21, 2018 6:48 AM EDTBEIJING, May 21, 2018 /PRNewswire/ -- Cheetah Mobile Inc. (NYSE: CMCM) ("Cheetah Mobile" or the "Company"), a leading mobile internet company with strong global vision, today announced its unaudited consolidated financial results for the first quarter ended March 31, 2018.
First Quarter 2018 Financial Highlights
Total revenues[1] were RMB1,145.1 million (US$182.6 million), exceeding the Company's previous guidance range of RMB1,100 million to RMB1,140 million. Gross profit increased by 2.9% year over year to RMB753.9 million (US$120.2 million). Gross margin was 65.8% in the first quarter of 2018 compared to 61.5% in the same... More