Cheetah Mobile Earnings Double As Global Reach Booms
Cheetah Mobile (CMCM) early Tuesday reported better-than-expected Q1 earnings and its stock hit a new high, but the Chinese security vendor guided Q2 revenue slightly below Wall Street views. The Beijing-based company, which is part-owned by Chinese Internet giant Tencent (TCEHY), reported earnings per share excluding items of 9 cents, up 125% from the year-earlier quarter. Revenue jumped 113% to $108.5 million, marking the 11th quarter in a row