Momo (MOMO) Profitability Momentum
Post# of 832
Posted On: 05/19/2015 6:41:18 AM
Shares of Momo Inc. (MOMO) soared significantly in after-hours trading Monday as the company delivered strong topline growth in its quarterly financial results, achieving profitability for the first time in its operating history
For the first quarter 2015, MOMO posted net revenues of $26.3 million, a 383% increase year over year, and non-GAAP net income (excluding non-recurring items) of $9.4 million, or $0.05 per diluted American Depositary Share (ADS), compared to a non-GAAP net loss of ($0.3) million, or ($0.06) per diluted ADS in the same period the prior year
According to its business outlook for the second quarter of 2015, MOMO expects revenues to be in the range of $31 million to $33 million, representing a year-over-year increase of 267% to 291%.
MOMO is a leading mobile social networking platform in China.
More about Momo Inc. (MOMO) at www.immomo.com
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On Monday, billionaire activist investor Carl Icahn issued an open letter to Tim Cook, the CEO of Apple Inc. (AAPL)
In the letter Carl Icahn said that shares of AAPL are dramatically undervalued. After reflecting upon AAPL's tremendous success and that it is poised to enter - and in his view dominate - two new categories (the television next year and the automobile by 2020) with a combined addressable market of $2.2 trillion, he believes the company's shares are worth $240 today and now is the time for a much larger buyback.
At $240 per share, AAPL would be worth about $1.4 trillion dollars and it would be the first company to reach the trillion-dollar milestone.
For its second quarter fiscal 2015, AAPL recently reported revenue of $58.01 billion and net income of $13.57 billion, or $2.33 per diluted share.
AAPL designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. AAPL leads the digital music revolution with its iPods and iTunes online store. AAPL has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad
More about Apple Inc. (AAPL) at www.apple.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Arcadia, CA ( www.arcadia.crwe-pr.com ) into the CRWE Network.
Arcadia is located at the base of the San Gabriel Mountains in Los Angeles County, California, about 21 miles northeast of Los Angeles. Its economy is driven by wholesale trade, retail trade, manufacturing, health care and social assistance, arts, entertainment, and recreation.
The City of Arcadia had an estimated population in 2010 (U.S. Census Bureau) of 57,639, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
For the first quarter 2015, MOMO posted net revenues of $26.3 million, a 383% increase year over year, and non-GAAP net income (excluding non-recurring items) of $9.4 million, or $0.05 per diluted American Depositary Share (ADS), compared to a non-GAAP net loss of ($0.3) million, or ($0.06) per diluted ADS in the same period the prior year
According to its business outlook for the second quarter of 2015, MOMO expects revenues to be in the range of $31 million to $33 million, representing a year-over-year increase of 267% to 291%.
MOMO is a leading mobile social networking platform in China.
More about Momo Inc. (MOMO) at www.immomo.com
**
On Monday, billionaire activist investor Carl Icahn issued an open letter to Tim Cook, the CEO of Apple Inc. (AAPL)
In the letter Carl Icahn said that shares of AAPL are dramatically undervalued. After reflecting upon AAPL's tremendous success and that it is poised to enter - and in his view dominate - two new categories (the television next year and the automobile by 2020) with a combined addressable market of $2.2 trillion, he believes the company's shares are worth $240 today and now is the time for a much larger buyback.
At $240 per share, AAPL would be worth about $1.4 trillion dollars and it would be the first company to reach the trillion-dollar milestone.
For its second quarter fiscal 2015, AAPL recently reported revenue of $58.01 billion and net income of $13.57 billion, or $2.33 per diluted share.
AAPL designs Macs, the best personal computers in the world, along with OS X, iLife, iWork and professional software. AAPL leads the digital music revolution with its iPods and iTunes online store. AAPL has reinvented the mobile phone with its revolutionary iPhone and App Store, and is defining the future of mobile media and computing devices with iPad
More about Apple Inc. (AAPL) at www.apple.com
**
Crown Equity Holdings Inc. (CRWE) provides marketing solutions that boost customer awareness and merchant visibility on the Internet. The company is currently developing its CRWE Network ( www.CRWE-PR.com ), a growing network of community targeted sites.
It has recently included the City of Arcadia, CA ( www.arcadia.crwe-pr.com ) into the CRWE Network.
Arcadia is located at the base of the San Gabriel Mountains in Los Angeles County, California, about 21 miles northeast of Los Angeles. Its economy is driven by wholesale trade, retail trade, manufacturing, health care and social assistance, arts, entertainment, and recreation.
The City of Arcadia had an estimated population in 2010 (U.S. Census Bureau) of 57,639, and represents an important marketplace for the CRWE Network, which business model is based on selling advertising to businesses targeting both locally and nationally
The CRWE Network has reached the 1487th community website in the U.S. and includes coverage in the states of California, Mississippi, Michigan, Florida, Nevada and New York, as well as across 10 provinces in Canada.
The company’s CRWE Press Release ( www.crwepressrelease.com ) offers increased visibility with cost effective solutions through the distribution of information to the entire CRWE Network for both public and private companies.
More about Crown Equity Holdings Inc. (CRWE) at www.crownequityholdings.com
**
Disclaimer: CRWE-PR Finance is not a registered investment adviser. This material is for informational purposes only and should not be construed as an offer or solicitation of an offer to buy or sell securities. Investors should always conduct their own due diligence with any potential investment, with independent research and other professional advice. Read Full Disclaimer at CRWE-PR Finance www.finance.crwe-pr.com/disclaimer
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