Investing.com - Momo Inc reported on Tuesday second quarter earnings that missed analysts' forecasts and revenue that topped expectations.
Momo Inc announced earnings per share of 1.74 on revenue of 3.4B. Analysts polled by Investing.com anticipated EPS of 1.91 on revenue of 3.37B.
Momo Inc shares are up 3.72% from the beginning of the year and are trading at 14.48 , down-from-52-week-high.They are under-performing the Nasdaq which is up 6.58% from the start of the year.
Momo Inc follows other major Technology sector earnings this month
Momo Inc's report follows an earnings beat by NVIDIA on Wednesday, May 26, 2021, who reported EPS of 3.66 on revenue of 5.66B, compared to forecasts EPS of 3.29 on revenue of 5.4B.
Cisco had beat expectations on Wednesday, May 19, 2021 with third quarter EPS of 0.83 on revenue of 12.8B, compared to forecast for EPS of 0.8219 on revenue of 12.57B.
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