Momo to Publish Third Quarter Results on 1st December
Momo has announced the publishing date for its third quarter financial results, as well as the time of the accompanying conference call.
The report will be publicly released before the US stock markets open on Tuesday, 1st December. At the time of writing, Momo shares are being traded on the Nasdaq exchange for $15.83.
A public conference call will be held the same day at 8am ET. Significant members of the management team are going to host the call to discuss the results, answer questions from investors, and outline plans for the upcoming quarter.
Interested participants can register for the conference call by signing up and using the personal passcode they receive.
This will be the first report with Momo’s brand new CEO. Former President and COO Li Wang assumed the role at the beginning of the month, taking over from Yan Tang.
Momo reported a 6.8% revenue decrease in its Q2 results, leading to its valuation reaching a new four-year low. The company has rallied and recovered somewhat in the past few months and currently has a market cap of $3.3 billion.
It is still considered to be undervalued by some market analysts, but it is believed that there are a few safer options available in the Chinese social space.
Visit the Momo website here.