Investing.com - Cheetah Mobile (NYSE:CMCM) Inc reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cheetah Mobile Inc announced earnings per share of 0.49 on revenue of 271.22M. Analysts polled by Investing.com anticipated EPS of 0.33 on revenue of 1.4B.
Cheetah Mobile Inc shares are up 40% from the beginning of the year, still down 49.60% from its 52 week high of 5.00 set on February 5. They are outperforming the EUR/USD which is down 0% from the start of the year.
Cheetah Mobile Inc shares lost 3.08% in intra-day trade following the report.
Cheetah Mobile Inc follows other major Technology sector earnings this month
Cheetah Mobile Inc's report follows an earnings beat by NVIDIA on February 24, who reported EPS of 3.1 on revenue of 5B, compared to forecasts EPS of 2.81 on revenue of 4.82B.
Salesforce.com had beat expectations on February 25 with fourth quarter EPS of 1.04 on revenue of 5.82B, compared to forecast for EPS of 0.7532 on revenue of 5.68B.
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