Investing.com - Hello Group reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Hello Group announced earnings per share of -21.5 on revenue of 3.67B. Analysts polled by Investing.com anticipated EPS of 1.39 on revenue of 3.64B.
Hello Group shares are down 26.17% from the beginning of the year and are trading at 6.63 , down-from-52-week-high.They are under-performing the Nasdaq which is down 10.72% from the start of the year.
Hello Group shares lost 11.60% in intra-day trade after the report.
Hello Group follows other major Communication Services sector earnings this month
Hello Group's report follows an earnings beat by Tencent ADR on Wednesday, who reported EPS of 1.54 on revenue of 22.62B, compared to forecasts EPS of 0.4748 on revenue of 23.04B.
Deutsche Telekom ADR had missed expectations on Thursday, February 24, 2022 with fourth quarter EPS of 0.2828 on revenue of 32.16B, compared to forecast for EPS of 0.2977 on revenue of 32.27B.
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