— Cheetah Mobile (NYSE: CMCM) reported a loss of $0.26 per
share in the fourth quarter of 2019, vs $0.42 per share loss expected.
— Q4 revenue fell 56% to $87.9 million, vs. $191.7 million expected. The decrease was primarily driven by a decline in mobile utility product business as well as a fall in PC-related revenues.
— For Q1 2020, the company expects total revenues between $70 million and $78 million.
— CEO: The recent outbreak of COVID-19 has increased customer demand for our robotics products and solutions, while robotics business will not generate significant revenues in the near term.
— CMCM shares fell 6.3% immediately following the announcement.
Shares of FedEx Corporation (NYSE: FDX) were up 1% on Tuesday. The stock has dropped 44% year-to-date and 34% over the past 12 months. The company delivered mixed results for
After a soft start to the year, the IPO market has witnessed muted activity so far though a few big companies entered the stock market. On the heels of AIG
After a prolonged slowdown, the restaurant industry is returning to normal patterns but macroeconomic uncertainties and high inflation are currently playing spoilsport for it. While the pandemic-related slump forced many