Momo (MOMO) Tops Q1 EPS by 4c

Momo (NASDAQ: MOMO) reported Q1 EPS of $0.47, $0.04 better than the analyst estimate of $0.43. Revenue for the quarter came in at $507.6 million versus the consensus estimate of $493.94 million.

Business Outlook:

For the second quarter of 2020, the Company expects total net revenues to be between RMB3.8 billion to RMB3.9 billion, representing a decrease of 8.5% to 6.1% year over year. This forecast considers the potential impact of the COVID-19 outbreak and reflects the Company's current and preliminary views on the market and operational conditions, which are subject to change, particularly as to the potential impact of the COVID-19 on the economy in China.

For earnings history and earnings-related data on Momo (MOMO) click here.

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