Investing.com - Momo (NASDAQ:MOMO) Inc reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Momo Inc announced earnings per share of 2.11 on revenue of 3.77B. Analysts polled by Investing.com anticipated EPS of 2.06 on revenue of 3.71B.
Momo Inc shares are down 55.94% from the beginning of the year, still down 64.82% from its 52 week high of 40.87 set on January 13. They are under-performing the Nasdaq which is up 35.96% from the start of the year.
Momo Inc follows other major Technology sector earnings this month
Momo Inc's report follows an earnings beat by NVIDIA on November 18, who reported EPS of 2.91 on revenue of 4.73B, compared to forecasts EPS of 2.58 on revenue of 4.42B.
Cisco had beat expectations on November 12 with first quarter EPS of 0.76 on revenue of 11.93B, compared to forecast for EPS of 0.7049 on revenue of 11.85B.
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