Cheetah Mobile +36% after special dividend, Q2 earnings [Seeking Alpha]
Cheetah Mobile Inc. American Depositary Shares, each representing fifty (50) Class A Ordinary Shares (CMCM)
Last cheetah mobile inc. american depositary shares, each representing fifty (50) class a ordinary shares earnings: 8/22 05:50 am
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Source: Seeking Alpha
Cheetah Mobile +36% after special dividend, Q2 earnings Cheetah Mobile (NYSE: CMCM up 36.4% Q2 results special dividend of $0.50 Revenue dipped 12% but exceeded company guidance, driven by strength in mobile games and AI-related business. Cost of revenues fell 6.9%. Gross profit dropped 14.5% to 643.3M yuan (about $93.7M). With operating expenses up 12%, the company swung to an operating loss of 55.7M yuan from a year-ago gain of 127.9M yuan. And attributable net income was 48.5M yuan (7.1M); non-GAAP net income was 82.5M yuan. Revenue breakout: Utility products/related services, 423.5M yuan (down 44%); Mobile entertainment, 498M yuan (up 49.6%); AI and other, 48.6M yuan (up 236%). Liquidity was 3.35B yuan ($488.2M) as of June 30. Earnings call transcript Press release
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CMCM
News
- Cheetah Mobile Inc. (NYSE: CMCM) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cheetah Mobile Inc. (NYSE: CMCM) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cheetah Mobile Inc. (NYSE: CMCM) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cheetah Mobile Inc. (NYSE: CMCM) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
- Cheetah Mobile Inc. (NYSE: CMCM) is now covered by analysts at StockNews.com. They set a "hold" rating on the stock.MarketBeat
CMCM
Sec Filings
- 10/29/24 - Form SC
- 9/13/24 - Form 6-K
- CMCM's page on the SEC website