Momo Announces Unaudited Financial Results for the First Quarter 2017
FREE Breaking News Alerts from StreetInsider.com!
StreetInsider.com Top Tickers, 6/11/2026
- Wall St set to gain on tech rebound, Middle East in focus
- Oracle results beat estimates, but shares fall on plans for $40 billion raise
- Oil prices steady as investors weigh US-Iran war escalation
- Intel rallies as BofA double-upgrades stock on increased CPU, foundry visibility
- Oppenheimer sees little strategic case for Tesla-SpaceX merger
- Needham Starts Hyliion Holdings (HYLN) at Buy
- Oppenheimer Starts SpaceX (SPCX) at Outperform, PT $190, 'space infrastructure appears structurally advantaged'
- Alibaba falls on China AI capex report; Citi says selloff is premature
- Crude Inventory Fell 7.2 Million Barrels Last Week, Says EIA
- UBS sees generational semiconductor boom, highlights stock winners
Deutsche Bank Upgrades Momo Inc. (MOMO) to Buy
May 24, 2017 8:29 AM EDTDeutsche Bank upgraded Momo Inc. (NASDAQ: MOMO) from Hold to Buy with a price target of $52.00 (from $30.00) citing accelerating user growth and impressive profitability.
Analyst Eileen Deng commented, "Momo delivered impressive 1Q adj net income of US$90.7m (36%/39% higher than... More
Momo (MOMO) Tops Q1 EPS by 12c, Sales Beat
May 23, 2017 5:33 AM EDTMomo (NASDAQ: MOMO) reported Q1 EPS of $0.44, $0.12 better than the analyst estimate of $0.32. Revenue for the quarter came in at $265.2 million versus the consensus estimate of $242.82 million.
Net revenues increased 421% year over year to $265.2 million.Net income attributable to Momo Inc. increased to $81.2 million in the first quarter of 2017 from $7.1 million... More