Investing.com - Cheetah Mobile (NYSE:CMCM) Inc reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cheetah Mobile Inc announced earnings per share of 0.01 on revenue of 211.73M. Analysts polled by Investing.com anticipated EPS of 0.8519 on revenue of 1.43B.
Cheetah Mobile Inc shares are up 13.33% from the beginning of the year, still down 59.20% 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 gained 1.47% in pre-market 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 August 18, who reported EPS of 1.04 on revenue of 6.51B, compared to forecasts EPS of 1.02 on revenue of 6.33B.
Salesforce.com had beat expectations on August 25 with second quarter EPS of 1.48 on revenue of 6.34B, compared to forecast for EPS of 0.9246 on revenue of 6.24B.
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