Investing.com - Cheetah Mobile (NYSE:CMCM) Inc reported on Wednesday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cheetah Mobile Inc announced earnings per share of -0.34 on revenue of 196.11M. Analysts polled by Investing.com anticipated EPS of 0.8301 on revenue of 1.45B.
Cheetah Mobile Inc shares are down 12.22% from the beginning of the year, still down 68.40% from its 52 week high of 5.00 set on February 5. They are under-performing the EUR/USD which is down 0% from the start of the year.
Cheetah Mobile Inc follows other major Information Technology sector earnings this month
Cheetah Mobile Inc's report follows an earnings matched by Apple on October 28, who reported EPS of 1.24 on revenue of 83.36B, compared to forecasts EPS of 1.24 on revenue of 85.05B.
Microsoft had beat expectations on October 26 with first quarter EPS of 2.27 on revenue of 45.32B, compared to forecast for EPS of 2.08 on revenue of 44B.
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