Momo Inc. (NASDAQ:MOMO) mobile-based social networking developer, is expected to report third quarter earnings results, Before Market Open, on Tuesday 1st December 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.38 per share.
Looking ahead, the full year income are expected at $ 1.78 per share on the revenues of $ 2307.30 million.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 522.07 million ~ $ 536.18 million
Click Here For More Historical Outlooks Of Momo Inc.
Previous Quarter Performance
Momo Inc. unveiled income for the second quarter of $ 0.43 per share, from the revenue of $ 547.52 million. The quarterly earnings contracted 47.56 percent while revenues shrunk 9.49 percent compared with the same quarter last year. The top line results fell short of analysts by $ 13.37 million or 2.38 percent.
Stock Performance
Shares of Momo Inc. traded low $ -0.74 or -4.89 percent on Monday, reaching $ 14.38 with volume of 7.83 million shares. Momo Inc. has traded high as $ 15.20 and has cracked $ 14.30 on the downward trend
According to the previous trading day, closing price of $ 14.38, representing a 13.43 % increase from the 52 week low of $ 13.33 and a 63 % decrease over the 52 week high of $ 40.87.
The company has a market capital of $ 3.00 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 1st December 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.immomo.com
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.
