Track the companies that matter to you. It's FREE! Click one of these fan favorites to get started: Apple; Google; Ford.



Why NQ Mobile Shares Got Crushed

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  ) got crushed today, down by 13% at the low after the company reported earnings.

So what: Revenue in the first quarter totaled $33.2 million, which resulted in non-GAAP earnings per share of $0.19. The top line came out slightly ahead of the $33 million consensus estimate, while the bottom line was right on target. NQ now has 111.1 million average monthly active users.

Now what: Second-quarter outlook expects revenue to be in the range of $38.5 million to $38.8 million, and the company raised its full-year sales forecast by $1 million on both the low end and high end. Revenue for 2013 should be $179 million to $184 million. It was a record quarter in terms of sales, but investors were left wanting more. Shares have rallied substantially so far this year, so some profit taking could be occurring as well.

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

It's incredible to think just how much of our digital and technological lives are almost entirely shaped and molded by just a handful of companies. Find out "Who Will Win the War Between the 5 Biggest Tech Stocks?" in The Motley Fool's latest free report, which details the knock-down, drag-out battle being waged by the five kings of tech. Click here to keep reading.

Read/Post Comments (1) | Recommend This Article (1)

Comments from our Foolish Readers

Help us keep this a respectfully Foolish area! This is a place for our readers to discuss, debate, and learn more about the Foolish investing topic you read about above. Help us keep it clean and safe. If you believe a comment is abusive or otherwise violates our Fool's Rules, please report it via the Report this Comment Report this Comment icon found on every comment.

  • Report this Comment On May 16, 2013, at 6:19 PM, Yodabazoda wrote:

    1. Down 7.5% is not "crushed." This is simply sensationalistic and irresponsible journalism.

    2. More importantly, the whole premise of the article is to explain the "why," and yet our esteemed CFA doesn't even give it a college try.

    Who are these fools writing for the Fool?

Add your comment.

Compare Brokers

Fool Disclosure

Sponsored Links

Leaked: Apple's Next Smart Device
(Warning, it may shock you)
The secret is out... experts are predicting 458 million of these types of devices will be sold per year. 1 hyper-growth company stands to rake in maximum profit - and it's NOT Apple. Show me Apple's new smart gizmo!

DocumentId: 2436546, ~/Articles/ArticleHandler.aspx, 9/29/2016 11:48:18 AM

Report This Comment

Use this area to report a comment that you believe is in violation of the community guidelines. Our team will review the entry and take any appropriate action.

Sending report...

Today's Market

updated Moments ago Sponsored by:
DOW 18,299.90 -39.34 -0.21%
S&P 500 2,167.49 -3.88 -0.18%
NASD 5,294.33 -24.22 -0.46%

Create My Watchlist

Go to My Watchlist

You don't seem to be following any stocks yet!

Better investing starts with a watchlist. Now you can create a personalized watchlist and get immediate access to the personalized information you need to make successful investing decisions.

Data delayed up to 5 minutes

Related Tickers

9/29/2016 11:32 AM
NQ $3.87 Down +0.00 +0.00%
NQ Mobile CAPS Rating: *