Momo Announces Unaudited Financial Results for the Second Quarter of 2019
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Benchmark Reiterates Buy Rating on Momo Inc. (MOMO)
August 28, 2019 6:41 AM EDTBenchmark analyst Fawne Jiang reiterated a Buy rating and $47.00 price target on Momo Inc. (NASDAQ: MOMO) following the company's 2Q earnings report. MOMO reported another solid quarter, recording upside to both revenue and EPADS amidst ongoing regulatory headwinds.
Benchmark is becoming incrementally... More
Momo (MOMO) Tops Q2 EPS by 11c, Revenues Beat
August 27, 2019 5:51 AM EDTMomo (NASDAQ: MOMO) reported Q2 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $604.9 million versus the consensus estimate of $569.77 million.
Second Quarter of 2019 Highlights
Net revenues increased by 32% year over year to RMB4,152.6 million (US$604.9 million*) in the second quarter of 2019.Net income attributable to Momo Inc. decreased to RMB731.8 million (US$106.6 million) in the second quarter of 2019 from RMB750.2 million in the same period of 2018. We recognized a total share-based compensation expense of RMB482.5 million (US$70.3 million) in the second quarter of 2019 including a share-based... More