Cheetah Mobile Inc ADR Up 2.42% To $2.54 After Earnings

Cheetah Mobile Inc ADR (CMCM) said before open Tuesday that it lost $2.58 per share in FALSE 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $128.2 million in revenue

The stock is up 2.42% to $2.54 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

InvestorsObserver gives the stock a Bearish Sentiment score at the moment based on recent trading.

Cheetah Mobile Inc ADR has performed a little above average during the past few months. Before the report, Cheetah Mobile Inc ADR received a Long-Term Technical Rank by InvestorsObserver of 62, putting it in the top half of stocks. The firm set a 52-week low on November 11, 2022 at $1.41 and set a 52-week high on September 2, 2022 at $6.5.

Cheetah Mobile Inc along with its subsidiaries principally engaged in the provision of internet services including the provision utility products and related services and mobile entrainment services and artificial intelligence (AI) and other services. It operates in two segments: Internet business and AI and others. Most of the firm's revenue gets derived from the internet business segment that provides mobile advertising services to advertising customers worldwide, as well as selling advertisements and referring user traffic on its mobile and PC platforms. Geographically, it derives the majority of revenue from PRC.