Momo (MOMO) Tops Q4 EPS by 7c

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Go back to Momo (MOMO) Tops Q4 EPS by 7c

Momo Announces Unaudited Financial Results for the Fourth Quarter and Fiscal Year 2018

March 12, 2019 4:32 AM EDT

BEIJING, March 12, 2019 /PRNewswire/ -- Momo Inc. (NASDAQ: MOMO) ("Momo" or the "Company"), a leading mobile social networking platform in China, today announced its unaudited financial results for the fourth quarter and the full year ended December 31, 2018.

Starting from the fourth quarter of 2018, the Company changed its reporting currency from U.S.dollar ("US$") to Renminbi ("RMB"), to reduce the impact of increased volatility of the RMB toUS$ exchange rate on the Company's reported operating results. The aligning of the reportingcurrency with the underlying operations will better depict the Company's results of... More