NEW YORK (TheStreet) -- Cheetah Mobile
(CMCM) shares are up 8.2% to $29.11 on Tuesday after the Chinese mobile Internet company reported second quarter earnings of RMB 0.49, or 8 cents per share, compared to analysts estimates of RMB 0.26, or 4 cents per share.
Revenue for the quarter rose 139.3% over the previous year to RMB 380.3 million, or $61.91 million, ahead of analysts RMB 342.83 million, or $55.79 million, consensus estimates.
Must Read: Warren Buffett's 25 Favorite Stocks
STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.
CMCM data by YCharts
Check Out Our Best Services for Investors
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Model portfolio
- Stocks trading below $10
- Intraday trade alerts