Investing.com - Cheetah Mobile Inc reported on Wednesday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
Cheetah Mobile Inc announced earnings per share of -0.76 on revenue of 528.09M. Analysts polled by Investing.com anticipated EPS of 0.54 on revenue of 1.37B.
Cheetah Mobile Inc shares are down 10.47% from the beginning of the year and are trading at 3.25 , down-from-52-week-high.They are under-performing the EUR/USD which is down 0% year to date.
Cheetah Mobile Inc shares lost 2.99% 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 NVIDIA on May 21, who reported EPS of 1.8 on revenue of 3.08B, compared to forecasts EPS of 1.65 on revenue of 2.97B.
Cisco had beat expectations on May 13 with third quarter EPS of 0.79 on revenue of 11.98B, compared to forecast for EPS of 0.71 on revenue of 11.88B.
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