- Tools for Investors
- Stock News
- Investing Ideas
- Econ & Policy
- Personal Finance
NetQin Mobile Inc (NYSE:NQ) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company. Shares are up 18.81%.
NetQin Mobile Inc Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 64.29% to $0.23 in the quarter versus EPS of $0.14 in the year-earlier quarter.
Revenue: Rose 133.83% to $30 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: NetQin Mobile Inc reported adjusted EPS income of $0.23 per share. By that measure, the company beat the mean analyst estimate of $0.16. It beat the average revenue estimate of $29.17 million.
Quoting Management: “We are very pleased to report a strong fourth quarter and an excellent 2012 fiscal year performance with record revenues,” commented Dr. Henry Lin, Chairman and Co-Chief Executive Officer of NQ Mobile. “In our first full year as a public company, we grew our revenue by 126% from $41 million to over $92 million. Even without taking into account the revenue contribution from the NationSky and Feiliu acquisitions, we achieved revenue of $79 million for 2012 and an outstanding organic growth rate of 93%. This significant growth is driven by our consistent execution, as well as the continued rapid growth of the global smartphone industry and adoption of mobile security and privacy solutions by consumers worldwide.”
Key Stats (on next page)…
Don't miss one of the biggest bull markets in history! Covers Gold, Silver, Gold & Silver stocks, and miners.
There's always a bull market in some sector! Find the best opportunities in commodities.