Cheetah Mobile Stock Falls Despite Soaring Revenue

By | March 20, 2015

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Cheetah Mobile (CMCM) stock fell Friday despite reporting Q4 earnings that beat Wall Street expectations and a Q1 outlook that was slightly above analyst views. The Beijing-based mobile phone security-software provider expects Q1 revenue of $103 million to $105 million, up 103% to 106%. Analysts polled by Thomson Reuters had expected $102 million in Q1 revenue. Cheetah Mobile reported a 119% jump in Q4 revenue to $95 million. Earnings per share Scalper1 News

Scalper1 News