Momo Remains Resilient as China Moves Past the Coronavirus Crisis
Shares of Momo (NASDAQ: MOMO), the biggest online dating company in China, tumbled over the past three months as the novel coronavirus crisis killed the aging bull market. However, the stock recently rebounded after its fourth-quarter numbers beat analysts' estimates.
Momo's revenue rose 22% annually to 4.69 billion yuan ($673.4 million), beating estimates by $17.7 million. Its net income grew 60% to 1.06 billion yuan ($151.7 million). On a non-GAAP basis, its net income rose 41% to 1.25 billion yuan ($179.9 million), or $0.81 per ADS -- which beat estimates by seven cents.
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Source Fool.com
