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Why NQ Mobile Shares Popped

Although we don't believe in timing the market or panicking over market movements, we do like to keep an eye on big changes -- just in case they're material to our investing thesis.

What: Shares of NQ Mobile (NYSE: NQ  ) have popped today by as much as 22% after the company reported fourth-quarter earnings.

So what: The jump comes after Monday's 21% jump, which was due to scoring a big services contract. Revenue in the fourth quarter totaled $30 million, ahead of the $29.1 million consensus estimate. Non-GAAP earnings per share was $0.23, also topping the Street forecast of $0.16 by a healthy margin.

Now what: Outlook was also rosy, with first-quarter sales expected in the range of $32.8 million and $33.3 million, while investors were expecting just $29.7 million in revenue in the current quarter. The big picture gets even better, with NQ raising full-year 2013 revenue guidance to $178 million to $183 million, up from the prior range of $150 million to $155 million. The market would have been happy with just $154 million in 2013 sales.

Interested in more info on NQ Mobile? Add it to your watchlist by clicking here.

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Related Tickers

9/28/2016 4:02 PM
NQ $3.87 Down -0.15 -3.73%
NQ Mobile CAPS Rating: *