NQ Mobile Inc. Reports Unaudited Financial Results for the Second Quarter of 2016
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Rosenblatt Reiterates Buy on NQ Mobile (NQ) Following 2Q Report
August 23, 2016 9:19 AM EDTRosenblatt reiterated a Buy rating and $13.00 price target on NQ Mobile (NYSE: NQ) following the company's 2Q earnings report. NQ reported EPS of $0.08, ahead of the consensus estimates of $0.02. The company also announced FL Mobile divestment updates, including a further sale of another... More
NQ Mobile (NQ) Reports Q2 EPS of $0.01; Updates on the FL Mobile Divestment
August 22, 2016 5:01 PM EDTNQ Mobile (NYSE: NQ) reported Q2 EPS of $0.01, versus ($0.08) reported last year. Revenue for the quarter came in at $83.7 million, versus $102.1 million reported last year.
Non-GAAP net income attributable to NQ Mobile for the second quarter of 2016 was $7.6 million or $0. 08 per fully diluted ADS, compared to non-GAAP net income attributable to NQ Mobile of $7.0 million in the same period a year ago.
Updates on the FL Mobile Divestment
In a press release on August 9, 2016, the Company announced that pursuant to (i) the binding framework agreement announced on August 26, 2015 between the Company... More
