Close

NQ Mobile (NQ) Reports Q3 EPS of $0.01; Will Temp. Suspend Providing Revenue Guidance

November 30, 2015 5:01 PM EST

NQ Mobile (NYSE: NQ) reported Q3 EPS of $0.01, versus $0.07 reported last year. Revenue for the quarter came in at $87.9 million, versus $81.2 million reported last year.

Average Monthly Active User Accounts as of September 30, 2015: 198.8 million.

"Our strict focus on cost controls and budgets continue to pay off in our results," said Mr. Zemin Xu, Chief Executive Officer of NQ Mobile. "Although the hardware sales within our enterprise mobility segment performed below expectations, we are pleased to see progress in our entertainment and consumer businesses and see results from our efforts in the monetization of our traffic."

"The business divestitures we previously announced are moving forward and accordingly, we continue to work on unlocking the value in these businesses," said Mr. Roland Wu, Chief Financial Officer of NQ Mobile. "We look forward to unlocking value and focusing on our businesses going forward."

The Company believes it is more prudent to temporarily suspend the practice of providing revenue guidance, in part due to the previously announced ongoing divestitures of certain business segments. The Company will resume providing revenue guidance when it is appropriate.

For earnings history and earnings-related data on NQ Mobile (NQ) click here.



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In





Related Categories

Earnings, Guidance, Hot Guidance, Management Comments

Related Entities

Earnings