Investing.com - Hello Group reported on Tuesday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hello Group announced earnings per share of 1.93 on revenue of 3.76B. Analysts polled by Investing.com anticipated EPS of 1.49 on revenue of 3.69B.
Hello Group shares are down 35% from the beginning of the year, still down 40.91% from its 52 week high of 20.14 set on February 16. They are under-performing the WIG20 which is up 8.33% from the start of the year.
Hello Group follows other major Communication Services sector earnings this month
Hello Group's report follows an earnings beat by Tencent ADR on November 10, who reported EPS of 0.6362 on revenue of 22.23B, compared to forecasts EPS of 0.4448 on revenue of 22.52B.
Walt Disney had missed expectations on November 10 with fourth quarter EPS of 0.37 on revenue of 18.53B, compared to forecast for EPS of 0.5209 on revenue of 18.8B.
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