Momo Announces Unaudited Financial Results for the Second Quarter of 2019
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Go back to Momo Announces Unaudited Financial Results for the Second Quarter of 2019
August 28, 2019 6:41 AM EDT
Benchmark analyst Fawne Jiang reiterated a Buy rating and $47.00 price target on Momo Inc. (NASDAQ: MOMO) following the company's 2Q earnings report. MOMO reported another solid quarter, recording upside to both revenue and EPADS amidst ongoing regulatory headwinds.
Benchmark is becoming incrementally... More
August 27, 2019 5:51 AM EDT
Momo (NASDAQ: MOMO) reported Q2 EPS of $0.82, $0.11 better than the analyst estimate of $0.71. Revenue for the quarter came in at $604.9 million versus the consensus estimate of $569.77 million.
Second Quarter of 2019 Highlights
Net revenues increased by 32% year over year to RMB4,152.6 million (US$604.9 million*) in the second quarter of 2019.Net income attributable to Momo Inc. decreased to RMB731.8 million (US$106.6 million) in the second quarter of 2019 from RMB750.2 million in the same period of 2018. We recognized a total share-based compensation expense of RMB482.5 million (US$70.3 million) in the second quarter of 2019 including a share-based...
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