NQ Mobile Inc (ADR) (NQ) reported quarterly earnings results on Thursday, May-26-2016. The company said it had a profit of $0.06 Earnings per Share for the quarter. The results exceeded Wall Street expectations beating the analyst consensus estimate by $0.05. Analysts had a consensus of $0.01. The company posted revenue of $73.50 million in the period, compared to analysts expectations of $73.00 million. The company’s revenue was down -17.6% compared to the same quarter last year.
NQ Mobile Inc (ADR) opened for trading at $3.85 and hit $4.15 on the upside on Wednesday, eventually ending the session at $4.09, with a gain of 6.23% or 0.24 points. The heightened volatility saw the trading volume jump to 10,38,769 shares. Company has a market cap of $376 M.
NQ Mobile Inc. is a holding company. The Company is principally engaged in the provision of mobile Internet services in the People’s Republic of China and overseas markets. The Company’s service portfolio includes mobile security productivity and privacy protection mobile games as well as interest-based mobile community applications and advertising for the consumer market and an entire mobility solution set for the enterprise market. The Company operates two business segments: consumer and enterprise. The Company’s consumer segment consists of mobile value added services which includes mobile security services mobile games and live mobile social video platform advertising services and other services. The Company’s enterprise segment consists of technology and software development services and hardware sales aggregated under enterprise mobility revenues.