One of this year’s biggest winners was one of Tuesday’s biggest losers after posting poorly received financial results. Shares of Momo (NASDAQ: MOMO) declined 20% on the day, but the stock is still trading 96% higher for all of 2017.
It was another period of heady growth for the Chinese video-centric social networking speedster. Revenue soared 215% to $312.2 million, fueled once again by the scintillating growth of its live video platform. Adjusted earnings roughly tripled to $73.8 million or $0.35 a share.