NQ Mobile (NQ) Tops Q4 EPS by 1c; Guides FY15 Revenue Above Expectations

NQ Mobile (NYSE: NQ) reported Q4 EPS of $0.03, $0.01 better than the analyst estimate of $0.02. Revenue for the quarter came in at $89.7 million versus the consensus estimate of $83 million.

Average Monthly Active User Accounts as of December 31, 2014: 160.8 million

"We are pleased to report record revenues both for the fourth quarter and the full fiscal year of 2014, as we continued our transition toward the traffic-based mobile entertainment business," said Dr. Vincent Wenyong Shi, Chairman, Chief Operating Officer and Acting Chief Financial Officer of NQ Mobile. "With the challenging year of 2014 now behind us, our transition is in full swing as we firmly further execute our various strategic initiatives. In addition to our top-line growth, we were also encouraged to see sequential improvement for our margins that indicates stabilization of profitability. We believe we are well-positioned to capture the growth opportunities in the mobile internet landscape."

NQ Mobile sees FY2015 revenue of $450 - $455 million, versus the consensus of $424.0 million. The company also sees Q1 revenue of $85 to $86 million, with the consensus at $94.7 million.

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

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