Investing.com - Hello Group reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hello Group announced earnings per share of 2.15 on revenue of 3.67B. Analysts polled by Investing.com anticipated EPS of 1.7 on revenue of 3.62B.
Hello Group shares are up 38.28% from the beginning of the year, still down 37.06% from its 52 week high of 20.69 set on August 26, 2020. They are outperforming the S&P/TSX which is up 18.07% from the start of the year.
Hello Group shares gained 0.93% in intra-day trade following the report.
Hello Group follows other major Technology sector earnings this month
Hello Group's report follows an earnings beat by Facebook on July 28, who reported EPS of 3.61 on revenue of 29.08B, compared to forecasts EPS of 3.04 on revenue of 27.85B.
NVIDIA had beat expectations on August 18 with second quarter EPS of 1.04 on revenue of 6.51B, compared to forecast for EPS of 1.02 on revenue of 6.33B.
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