Cheetah Mobile (CMCM) Tops Q2 EPS by 12c

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Go back to Cheetah Mobile (CMCM) Tops Q2 EPS by 12c

Cheetah Mobile Announces Second Quarter 2018 Unaudited Consolidated Financial Results

August 20, 2018 7:38 AM EDT

BEIJING, Aug. 20, 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 second quarter ended June 30, 2018.

Second Quarter 2018 Financial Highlights

ŸTotal revenues[1] were RMB1,103.5 million (US$166.8 million), exceeding the Company's previous guidance range of RMB1,020.0 million to RMB1080.0 million. Gross profit increased by 1.6% year over year to RMB752.1 million (US$113.7 million). Gross margin was 68.2% in the second quarter of 2018 compared... More