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.

STOCKS TO BUY: TheStreet Quant Ratings has identified a handful of stocks that can potentially TRIPLE in the next 12 months. Learn more.

CMCM Chart CMCM data by YCharts

EXCLUSIVE OFFER: See inside Jim Cramer's multi-million dollar charitable trust portfolio to see the stocks he and Stephanie Link think could be potentially HUGE winners. Click here to see the holdings for FREE.

 

More from Markets

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Global Stocks Slide as Trump's New Trade War Salvo Ignites Fresh Concern

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Automakers Slump as Trump Launches National Security Probe into US Car Imports

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Ackman Investment Buoys Lowe's; DraftKings Responds to FanDuel Merger -- ICYMI

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Replay: Jim Cramer on the Markets, Tiffany, Micron Technology and Union Pacific

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market

Carnival CEO Arnold Donald: China Will Become the Largest Cruise Market