Hello Group Inc. Sponsored ADR Beats Q2 Earnings and Revenue Estimates
Hello Group Inc. Sponsored ADR (NASDAQ: MOMO) came out with quarterly earnings of $0.33 per share, beating the Zacks Consensus Estimate of $0.30 per share. This compares to earnings of $0.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.04, delivering a surprise of -87.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Momo, which belongs to the Zacks Internet – Software industry, posted revenues of $370.35 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate by 0.66%. This compares to year-ago revenues of $432.71 million. The company has topped consensus revenue estimates two times over the last four quarters.
The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
Momo shares …
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