Why Cheetah Mobile (CMCM) Stock Is Climbing Today

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.

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