Investing.com - Cheetah Mobile Inc reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Cheetah Mobile Inc announced earnings per share of 1.38 on revenue of 970.15M. Analysts polled by Investing.com anticipated EPS of 0.62 on revenue of 1.37B.
Cheetah Mobile Inc shares are up 0.96% from the beginning of the year and are trading at 2.39 , down-from-52-week-high.They are outperforming the S&P/ASX 200 which is down 8.39% from the start of the year.
Cheetah Mobile Inc shares gained 3.02% in intra-day trade the report.
Cheetah Mobile Inc follows other major Technology sector earnings this month
Cheetah Mobile Inc's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of 2.58 on revenue of 59.69B, compared to forecasts EPS of 2.05 on revenue of 52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of 1.46 on revenue of 38.03B, compared to forecast for EPS of 1.34 on revenue of 36.54B.
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