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Shares of Momo (NASDAQ:MOMO) fell 3% in pre-market trading after the company reported Q1 results.
Earnings per share were down 72.58% year over year to $0.47, which beat the estimate of $0.43.
Revenue of $507,582,000 declined by 8.50% year over year, which beat the estimate of $493,940,000.
Momo hasn't issued any earnings guidance for the time being.
Q2 revenue expected to be between $543,400,000 and $557,700,000.
Date: May 28, 2020
Time: 08:00 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/gjn8idek
Company's 52-week high was at $40.87
Company's 52-week low was at $19.08
Price action over last quarter: down 7.68%
Momo Inc provides mobile-based social networking services. The firm enables its users to establish and expand social relationships based on location and interests. Its platform includes Momo mobile application and a variety of related features, functionalities, tools, and services that it provides to users, customers and platform partners. It also operates a stand-alone video application called Hani, which features the live video content on its core Momo mobile application. The company principally derives its revenue from live video service, value-added services, mobile marketing services, mobile games and other services. It operates in three segments: Momo' service lines, Tantan's service lines, and QOOL's service line out of which Momo' service lines segment derives majority revenue.
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