Momo Inc. (NASDAQ:MOMO) mobile-based social networking developer, is reporting second quarter earnings results on Thursday 3rd September 2020, before market open.
The consensus estimates from Thomson Reuters are income of $ 0.43 per share.
For the full year, analysts predict revenues of $ 2443.76 million, while looking forward to income of $ 2.29 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 543.40 million ~ $ 557.70 million
Click Here For More Historical Outlooks Of Momo Inc.
Previous Quarter Performance
Momo Inc. unwinded income for the first quarter of $ 0.47 per share, from the revenue of $ 507.58 million. The quarterly earnings reduced 18.97 percent while revenues shrunk 2.41 percent compared with the same quarter last year.
According to street consensus, MOMO was expected to report 1Q20 income of $ 0.43 per share from revenue of $ 493.94 million. The bottom line results beat street analysts by $ 0.04 or 9.30 percent, at the same time, top line results outshined analysts by $ 13.64 million or 2.76 percent.
Stock Performance
Shares of Momo Inc. traded low $ -0.65 or -3.18 percent on Wednesday, reaching $ 19.77 with volume of 2.12 million shares. The stock opened positive for the day at $ 20.43, after closing the previous day trading at $ 20.42.
According to the previous trading day, closing price of $ 20.42, representing a 22.94 % increase from the 52 week low of $ 16.61 and a 50.04 % decrease over the 52 week high of $ 40.87.
The company has a market capital of $ 4.13 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
Momo Inc. will be hosting a conference call at 8:00 AM eastern time on 3rd September 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website edge.media-server.com/mmc/p/pjn8pgfx
Momo Inc. operates a mobile-based social and entertainment platform in the Peoples Republic of China. The company operates Momo platform that includes its Momo mobile application and various related features, functionalities, tools, and services to users, customers, and platform partners.
