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Cheetah Mobile (CMCM) stock took a hit Tuesday despite handily beating Wall Street’s Q2 forecast, continuing an overall decline that began last week when China devalued its yuan. The Beijing-based mobile- and PC-security provider sprinted past the consensus of eight analysts polled by Thomson Reuters when it reported Q2 earnings late Monday. But, those earnings were held up against China’s already struggling economy. On Friday, China’s securities Scalper1 News
Scalper1 News