Sungy Mobile (GOMO) Releases Quarterly Earnings Results, Misses Expectations By $0.04 EPS
Sungy Mobile (NASDAQ:GOMO) issued its quarterly earnings data on Tuesday. The company reported $0.11 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.15 by $0.04, Analyst Ratings News reports. The company had revenue of $15.60 million for the quarter, compared to the consensus estimate of $15.27 million.
On a related note, analysts at JPMorgan Chase & Co. upgraded shares of Sungy Mobile from a “neutral” rating to an “overweight” rating in a research note on Monday, April 28th.
Sungy Mobile (NASDAQ:GOMO) traded down 0.86% on Tuesday, hitting $13.86. 587,829 shares of the company’s stock traded hands. Sungy Mobile has a one year low of $12.40 and a one year high of $33.87. The stock has a 50-day moving average of $17.09 and a 200-day moving average of $20.58. The company has a market cap of $463.0 million and a price-to-earnings ratio of 53.77.
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