Cheetah Mobile

Cheetah Mobile (CMCM.US) fell 5.14% intraday to close at $3.14, mainly dragged by lingering profitability concerns despite Q1 earnings showing a 5.08% YoY revenue increase to $37.47M and a 44.93% narrower net loss of $2.53M. The stock initially rallied in pre-market trading (high $3.581) but reversed sharply after the regular session opened, forming a spike-and-drop pattern. Trading at $3.14, the stock is 66.74% below its 52-week high of $9.44 and down 49.84% YTD, well under both its 20-day ($3.545) and 60-day ($4.652) moving averages, with a PB of just 0.43x. However, EPS losses continued to shrink (Q1 -$0.092, +43.45% YoY) and net margin improved from -61.76% in Q4 to -6.75%, signaling a gradual fundamental turnaround.