Investing.com - Momo (NASDAQ:MOMO) Inc reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Momo Inc announced earnings per share of 2.98 on revenue of 3.8B. Analysts polled by Investing.com anticipated EPS of 2.39 on revenue of 3.68B.
Momo Inc shares are up 4.15% from the beginning of the year, still down 41.11% from its 52 week high of 24.69 set on April 17, 2020. They are outperforming the Nasdaq which is up 0.57% 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 February 24, who reported EPS of 3.1 on revenue of 5B, compared to forecasts EPS of 2.81 on revenue of 4.82B.
Adobe had beat expectations on Tuesday with first quarter EPS of 3.14 on revenue of 3.91B, compared to forecast for EPS of 2.79 on revenue of 3.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar