NQ Mobile beats by $0.06, beats on revs; guides Q3 revs above consensus; guides FY13 revs above consensus (NQ)15.90 +0.31 : Reports Q2 (Jun) earnings of $0.26 per share, excluding non-recurring items, $0.06 better than the Capital IQ Consensus Estimate of $0.20; revenues rose 107.4% year/year to $41.4 mln vs the $39.34 mln consensus.
Cumulative registered user accounts were 372.2 million as of June 30, 2013, compared with 203.5 million as of June 30, 2012 and 326.6 million as of March 31, 2013. Including 87.3 million registered user accounts for FL Mobile, NQ Mobile had total registered user accounts of 459.5 million as of June 30, 2013.
Average monthly active user accounts for the quarter ended June 30, 2013 were 122.2 million, compared with 69.2 million for the corresponding period of 2012 and 111.0 million for the quarter ended March 31, 2013. Including FL Mobile's 16.1 million average monthly active user accounts, NQ Mobile had total average monthly active user accounts of 138.3 million for the quarter ended June 30, 2013.
Co issues upside guidance for Q3, sees Q3 revs of $50-51 mln vs. $49.00 mln Capital IQ Consensus Estimate.
Co issues upside guidance for FY13, sees FY13 revs of $185-188 mln (raised from $179-184 mln) vs. $181.39 mln Capital IQ Consensus Estimate.