Momo Announces Unaudited Financial Results for the First Quarter 2017
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Deutsche Bank Upgrades Momo Inc. (MOMO) to Buy
May 24, 2017 8:29 AM EDTDeutsche Bank upgraded Momo Inc. (NASDAQ: MOMO) from Hold to Buy with a price target of $52.00 (from $30.00) citing accelerating user growth and impressive profitability.
Analyst Eileen Deng commented, "Momo delivered impressive 1Q adj net income of US$90.7m (36%/39% higher than... More
Momo (MOMO) Tops Q1 EPS by 12c, Sales Beat
May 23, 2017 5:33 AM EDTMomo (NASDAQ: MOMO) reported Q1 EPS of $0.44, $0.12 better than the analyst estimate of $0.32. Revenue for the quarter came in at $265.2 million versus the consensus estimate of $242.82 million.
Net revenues increased 421% year over year to $265.2 million.Net income attributable to Momo Inc. increased to $81.2 million in the first quarter of 2017 from $7.1 million... More