Cheetah Mobile Inc.’s third-quarter loss widens

BEIJING (dpa-AFX) – Cheetah Mobile Inc. (CMCM) reported a loss for its third quarter, up from last year

The company’s net profit was -46.90 million RMB, or -1.6150 RMB per share. This compares to -24.29 million RMB, or -0.7206 RMB per share, in the third quarter of last year.

Excluding items, Cheetah Mobile Inc. reported adjusted earnings of -35.36 million RMB or -1.2300 RMB per share for the period.

The company’s revenue for the quarter increased 16.6% to RMB 192.08 million from RMB 164.80 million last year.

Cheetah Mobile Inc. earnings at a glance (GAAP):

-Earnings (T3): -RMB46.90 Mln. against -24.29 million RMB. last year. -BPE (Q3): -1.6150 RMB compared to -0.7206 RMB last year. -Revenue (Q3): 192.08 million RMB compared to 164.80 million RMB last year.