Cheetah Mobile FY Adj EPADS $(2.70) Down From $(2.58) YoY, Sales $94.30M Down From $128.18M YoY
Portfolio Pulse from Benzinga Newsdesk
Cheetah Mobile reported a decrease in both adjusted earnings per share and sales for the fiscal year, with adjusted EPS down to $(2.70) from $(2.58) YoY and sales dropping to $94.30M from $128.18M YoY.
March 21, 2024 | 8:06 am
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Cheetah Mobile's fiscal year results indicate a decline in financial performance, with adjusted EPS decreasing to $(2.70) from $(2.58) and sales falling to $94.30M from $128.18M YoY.
The reported decrease in both adjusted EPS and sales for Cheetah Mobile is a clear indicator of a negative financial performance for the fiscal year. This downturn is likely to impact investor sentiment negatively, leading to a potential decrease in stock price in the short term.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100