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Monday, November 21, 2016

Cheetah Mobile (CMCM) earnings on Mon 21 Nov 2016 (b/o)

** charts after earnings **


BEIJING (AP) _ Cheetah Mobile Inc. (CMCM) on Monday reported third-quarter net income of $68,000.

The Beijing-based company said it had net income of less than 1 cent on a per-share basis. Earnings, adjusted for stock option expense, came to 8 cents per share.

The mobile internet company posted revenue of $169.2 million in the period.

For the current quarter ending in December, Cheetah Mobile said it expects revenue in the range of $180 million to $186 million.

Cheetah Mobile shares have dropped 34 percent since the beginning of the year. The stock has fallen 45 percent in the last 12 months.

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