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Stock Market & Financial Investment News

News Breaks
May 5, 2014
09:15 EDTGOMOSungy Mobile establishes JV in South Korea
Sungy Mobile announced that it has entered into an agreement with Teddy Hoon-Tack Jung, the Chairman of iHQ Inc., an entertainment company in Korea, to form a joint venture company, GO Launcher Korea. The joint venture will allow Sungy Mobile to indirectly leverage iHQ's rich entertainment resources and extensive experience with marketing and promotional campaigns, further enhancing GO Launcher products' competitiveness by promoting launcher themes and associated merchandise. Sungy Mobile's innovative solutions and user base will enable the joint-venture to further penetrate and capitalize on the rapidly growing South Korean market. Jung will serve as the CEO of GO Launcher Korea.
News For GOMO From The Last 14 Days
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August 29, 2014
06:50 EDTGOMOSungy Mobile downgraded to Neutral from Outperform at Credit Suisse (yesterday)
August 28, 2014
16:21 EDTGOMOOn The Fly: Closing Wrap
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08:11 EDTGOMOSungy Mobile downgraded at Oppenheimer
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06:35 EDTGOMOSungy Mobile downgraded to Perform from Outperform at Oppenheimer
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August 27, 2014
18:38 EDTGOMOOn The Fly: After Hours Movers
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17:11 EDTGOMOSungy Mobile down nearly 20% following earnings report, CFO resignation
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17:07 EDTGOMOSungy Mobile announces resignation of CFO Winston Li
The company announced that Winston Li has tendered his resignation as the CFO of the company, effective on August 31, due to personal reasons. Yuqiang Deng, Sungy Mobile's CEO, commented, "Winston has helped to assemble a solid financial team that will report directly to me during this transition period. We are in the process of finding a highly qualified replacement for Winston and aim to announce the appointment of a new CFO in the near future."
16:12 EDTGOMOSungy Mobile sees Q3 revenues $14.65M-$15.46M, consensus $18.34M
16:10 EDTGOMOSungy Mobile reports Q2 adjusted EPS 9c, consensus 14c
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