Cheetah Mobile (CMCM) reported earnings on Thur 5/19/16 (b/o)

** charts after earnings **

  

Cheetah Mobile beats by RMB0.04, beats on revs :

• Reports Q1 (Mar) earnings of RMB 0.71 per share, excluding non-recurring items, RMB 0.04 better than the Capital IQ Consensus of RMB 0.67; revenues rose 57.2% year/year to RMB 1.12 bln vs the RMB 1.09 bln two analyst estimate.
  • Mobile monthly active users increased by 16 million quarter-over-quarter to 651 million in March 2016. Mobile MAUs from overseas markets were 79.5% of total mobile MAUs in March 2016.
  • Total global mobile user installations increased by 421 million quarter-over-quarter to 2,762 million as of March 31, 2016.
• Co issues guidance for Q2, sees Q2 revs of RMB975-1000 mln, may not be comparable to RMB 1.39 bln two analyst estimate.