Investing.com - Cheetah Mobile Inc reported on Friday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cheetah Mobile Inc announced earnings per share of 0.54 on revenue of 198.42M. Analysts polled by Investing.com anticipated EPS of 0.7675 on revenue of 1.41B.
Cheetah Mobile Inc shares are up 53.33% from the beginning of the year and are trading at 2.74 , down-from-52-week-high.They are outperforming the EUR/USD which is down 0% from the start of the year.
Cheetah Mobile Inc shares lost 0.72% in pre-market trade the report.
Cheetah Mobile Inc follows other major Technology sector earnings this month
Cheetah Mobile Inc's report follows an earnings beat by NVIDIA on May 26, who reported EPS of 3.66 on revenue of 5.66B, compared to forecasts EPS of 3.29 on revenue of 5.4B.
Cisco had beat expectations on May 19 with third quarter EPS of 0.83 on revenue of 12.8B, compared to forecast for EPS of 0.8219 on revenue of 12.57B.
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