Investing.com - Momo Inc reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Momo Inc announced earnings per share of 2.11 on revenue of 3.77B. Analysts polled by Investing.com anticipated EPS of 2.06 on revenue of 3.71B.
Momo Inc shares are down 55.94% from the beginning of the year and are trading at 14.38 , down-from-52-week-high.They are under-performing the Nasdaq which is up 35.96% 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, November 18, 2020, who reported EPS of 2.91 on revenue of 4.73B, compared to forecasts EPS of 2.58 on revenue of 4.42B.
Cisco had beat expectations on Thursday, November 12, 2020 with first quarter EPS of 0.76 on revenue of 11.93B, compared to forecast for EPS of 0.7049 on revenue of 11.85B.
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