Sungy Mobile (GOMO) Releases Quarterly Earnings Results, Misses Expectations By $0.05 EPS
Sungy Mobile (NASDAQ:GOMO) issued its quarterly earnings data on Wednesday. The company reported $0.09 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.14 by $0.05, AmericanBankingNews.com reports. The company had revenue of $16.10 million for the quarter, compared to the consensus estimate of $16.70 million.
On a related note, analysts at Citigroup Inc. initiated coverage on shares of Sungy Mobile in a research note on Friday, July 25th. They set a “neutral” rating and a $11.80 price target on the stock.
Shares of Sungy Mobile (NASDAQ:GOMO) traded up 2.56% on Wednesday, hitting $10.40. The stock had a trading volume of 248,781 shares. Sungy Mobile has a 52 week low of $9.91 and a 52 week high of $33.87. The stock has a 50-day moving average of $10.93 and a 200-day moving average of $17.21. The company has a market cap of $347.4 million and a price-to-earnings ratio of 31.10.
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