Momo Inc. Exceeds Q2 Revenue, Earnings Projections
Hello Group, the parent company of Momo Inc. (NASDAQ: MOMO), released its Q2 earnings report, sparking serious discussions among investors. Momo’s earnings were $0.33 per share, which is more than what analysts expected. The Zacks Consensus Estimate was at $0.30, which means Momo’s earnings were 10% more than expected. The company’s earnings for 2023 were $0.43 per share. Though those numbers are down from last year, the earnings are impressive and show that the company is here to stay. First, let’s talk numbers. In terms of revenue, Momo posted $370.35 million for the quarter, just slightly above the consensus estimate…