Investing.com - Hello Group reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Hello Group announced earnings per share of 1.68 on revenue of 3.11B. Analysts polled by Investing.com anticipated EPS of 1.61 on revenue of 3.06B.
Hello Group shares are down 27% from the beginning of the year, still down 62.56% from its 52 week high of 13.99 set on November 15, 2021. They are under-performing the Nasdaq which is down 24.67% from the start of the year.
Hello Group follows other major Communication Services sector earnings this month
Hello Group's report follows an earnings missed by Tencent ADR on August 17, who reported EPS of 0.2819 on revenue of 19.73B, compared to forecasts EPS of 0.3769 on revenue of 19.89B.
Walt Disney had beat expectations on August 10 with third quarter EPS of 1.09 on revenue of 21.5B, compared to forecast for EPS of 0.9733 on revenue of 20.99B.
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