Cheetah Mobile Announces First Quarter 2019 Unaudited Consolidated Financial Results
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Cheetah Mobile (CMCM) Misses Q1 EPS by 3c, Revenues Beat
June 14, 2019 8:05 AM EDTCheetah Mobile (NYSE: CMCM) reported Q1 EPS of $0.03, $0.03 worse than the analyst estimate of $0.06. Revenue for the quarter came in at $161.8 million versus the consensus estimate of $154.95 million.
Total revenues were RMB1,085.6 million (US$161.8 million), reaching the high end of Company\'s previous guidance range of RMB1,060 million to RMB1,090 million.Revenues from the mobile entertainment business increased by 41.7% year over year to RMB556.2 million (US$82.9 million), accounting for 51.2% of total revenues in the first quarter of 2019.Other revenues grew by 299.2% to RMB31.5 million (US$4.7 million), mainly driven by the sales of... More