Cheetah Mobile (NYSE:CMCM) posted its earnings results on Friday. The software maker reported $0.17 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.03 by $0.14, Briefing.com reports. Cheetah Mobile had a net margin of 23.72% and a return on equity of 23.58%. The business had revenue of $1.09 billion for the quarter, compared to analysts’ expectations of $1.07 billion. During the same period in the prior year, the company posted $0.48 EPS. The business’s revenue for the quarter was down 5.2% compared to the same quarter last year. Cheetah Mobile updated its Q2 2019 guidance to EPS.
NYSE CMCM traded down $0.21 on Friday, hitting $3.76. The stock had a trading volume of 1,694,453 shares, compared to its average volume of 566,100. Cheetah Mobile has a 52-week low of $3.69 and a 52-week high of $12.15. The stock has a market capitalization of $540.06 million, a PE ratio of 3.33 and a beta of 2.45.
CMCM has been the topic of several recent analyst reports. Nomura reiterated a “neutral” rating and issued a $7.01 target price (down from $12.00) on shares of Cheetah Mobile in a research note on Tuesday, March 26th. Macquarie set a $6.00 target price on shares of Cheetah Mobile and gave the stock a “sell” rating in a research note on Tuesday, March 26th.
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Cheetah Mobile Inc operates as a mobile Internet company worldwide. The company's utility products include Clean Master, a junk file cleaning, memory boosting, and privacy protection tool for mobile devices; Security Master, an anti-virus and security application for mobile devices; Battery Doctor, a power optimization tool for mobile devices; Cheetah Browser, a Web browser for PCs and mobile devices; CM Browser, a mobile browser to protect users from malicious threats; and CM Launcher, which provides personalized experience in using smart phones.
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