Categories Earnings, Technology

Cheetah Mobile Inc (CMCM): Q4 2019 Earnings Snapshot

— 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.   

Most Popular

Infographic: How UnitedHealth Group (UNH) performed in Q2 2024

UnitedHealth Group (NYSE: UNH) reported second quarter 2024 earnings results today. Revenues increased to $98.9 billion from $92.9 billion a year ago. Net earnings attributable to UnitedHealth Group common shareholders

SCHW Earnings: Highlights of Charles Schwab Corporation’s Q2 2024 results

Financial services company The Charles Schwab Corporation (NYSE: SCHW) on Tuesday reported a decrease in adjusted earnings and a modest increase in revenues for the second quarter of 2024. Total

BAC Earnings: Key quarterly highlights from Bank of America’s Q2 2024 financial results

Bank of America (NYSE: BAC) reported its second quarter 2024 earnings results today. Revenue, net of interest expense, of $25.4 billion increased 1% from the prior-year period, reflecting higher asset

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top