Shares in Chinese video streaming site Momo (MOMO) plunged more than 20% in U.S. trading on Tuesday after quarterly results failed to meet investors’ sky-high expectations. That could be a buying opportunity.
Momo’s second-quarter revenues surged 215% year-on-year to USD312 million, beating broker estimates. Earnings per share also soared.
However, investors are concerned about the company’s lacklustre growth in paying users for its live-streaming services. Quarter-on-quarter, the number of new users…
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