The Traderszone Network

Published in TZ Latest News 25 August, 2017 by The TZ Newswire Staff

Will Momo Stock Sink or Swim?

Chinese social media company Momo (NASDAQ: MOMO) recently posted impressive second-quarter earnings that crushed analyst estimates on the top and bottom lines. Yet the stock, which has already more than doubled this year, fell 20% following the report — presumably on concerns about its rising expenses, slowing growth, and rich valuation.

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