— 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
Netflix (NFLX) Q1 2024 profit tops expectations; adds 9.3Mln subscribers
Streaming giant Netflix, Inc. (NASDAQ: NFLX) Thursday reported a sharp increase in net profit for the first quarter of 2024. Revenues were up 15% year-over-year. Both numbers exceeded Wall Street's
PepsiCo (PEP) to report Q1 earnings next week. Here’s what to expect
PepsiCo, Inc. (NASDAQ: PEP) is preparing to report first-quarter results on April 23, before the opening bell. Of late, the food and beverage giant has been busy aligning its business
What to expect when Southwest Airlines (LUV) reports Q1 2024 earnings results
Shares of Southwest Airlines Co. (NYSE: LUV) were up 2% on Thursday. The stock has dropped 8% over the past one year. The airline is scheduled to report its first
