Revenue Update on Cheetah Mobile Inc (ADR)(NYSE:CMCM)

Cheetah Mobile Inc (ADR)(NYSE:CMCM) announced the earnings results for Fiscal Year 2016 and Q4. The results came in during Pre-Market on Mar 21, 2017. Based on the corporate Earnings and Guidance, many Investment Banking firms balance their portfolio to Sell and Buy Stocks based on their strategy of investing in stocks.Company reported revenue of $183.591M. Analysts estimated a revenue of $178.040M. The revenues were 3.12% above the estimates. Earnings per share were $0.12. The reported EPS was above estimates by 100%. Analysts had estimated an EPS of $0.06.

Cheetah Mobile Inc (ADR) (CMCM) made into the market gainers list on Fridays trading session with the shares advancing 1.50% or 0.17 points. Due to strong positive momentum, the stock ended at $11.5, which is also near the day’s high of $11.86. The stock began the session at $11.31 and the volume stood at 8,74,981 shares. The 52-week high of the shares is $17.48 and the 52 week low is $8.77. The company has a current market capitalization of $1,640 M and it has 14,25,73,670 shares in outstanding.

Cheetah Mobile Inc. is a provider of online marketing services Internet value-added services and Internet security services and others in the People’s Republic of China (the PRC). The Company operates a platform that offers mobile and Personal Computer (PC) applications for its users and global content distribution channels for its customers both of which are powered by its cloud-based data analytics engines. For its users the Company’s suite of applications improves mobile and PC Internet system performance and provides real time protection against known and unknown security threats. For its customers the Company’s platform provides multiple user traffic entry points and global content distribution channels capable of delivering targeted content to hundreds of millions of people. Kingsoft Corporation Limited is the holding company of the Company.

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