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, still down 59.40% from its 52 week high of 16.33 set on June 14, 2021. 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 following 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 February 24 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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