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March 12, 2014
08:49 EDTNQNQ Mobile trying to end independent investigation, says Topeka
Topeka believes NQ Mobile is trying to end its independent investigation over the next few weeks and the firm expects it will end favorably. Topeka thinks NQ will post strong Q4 results and reiterates a Buy rating on the stock with a $36.75 price target.
News For NQ From The Last 14 Days
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November 30, 2015
19:17 EDTNQOn The Fly: After Hours Movers
UP AFTER EARNINGS: Shoe Carnival (SCVL), up 1.4%. ALSO HIGHER: HF Financial (HFFC), up 18.6% after announcing merger agreement with Great Western Bancorp (GWB)... Mattress Firm (MFRM), up 7.1% after reporting its preliminary third quarter results and Sleepy's acquisition... Uniqure (QURE), up 2.5% after being initiated with a Buy at Janney Capital. DOWN AFTER EARNINGS: NQ Mobile (NQ), down 13.5% after reporting third quarter results and announcing that it will temporarily suspend the practice of providing revenue guidance. ALSO LOWER: Amsurg (AMSG), down after proposing an offering of 5.5M shares of common stock... Sunshine Heart (SSH), down 1.8% after announcing that its CEO David Rosa is leaving the company.
19:13 EDTNQNQ Mobile to temporarily suspend providing revenue guidance
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17:34 EDTNQNQ Mobile reports Q3 EPS 1c vs 7c in Q314
Reports Q3 revenue $87.9M, one estimate $111.5M. Gross profit in the third quarter of 2015 decreased 8.0% to $20.7M from $22.5M in the same period in 2014. Gross margin, or gross profit as a percentage of net revenues, was 23.6% in the third quarter of 2015, compared with 27.8% in the same period in 2014. Excluding the impact from hardware sales of the enterprise mobility business and associated costs, gross margin was 35.0% in the third quarter of 2015, down from 43.2% in the same period in 2014.
November 18, 2015
06:58 EDTNQNQ Mobile enters into binding agreement to sell Beijing Tianya
NQ Mobile announced it has entered into a legally binding agreement to sell 100% of the equity interest in Beijing Tianya , which operates NQ Mobile's mobile health applications related business, to Tack Fiori International Group, a Cayman Islands company listed in Hong Kong, for an aggregate consideration of $40M. Beijing Tianya is a wholly owned subsidiary of Beijing NQ Technology Co., Ltd., NQ Mobile's consolidated affiliated entity in China. The company's board has approved both the transaction and the Agreement. The closing of the transaction is subject to the condition that Tack Fiori obtains the necessary approvals, including shareholder approval, to complete the transaction, as well as additional customary closing conditions, and the satisfaction and compliance of all relevant requirements under the Rules Governing the Listing of Securities on the Hong Kong Stock Exchange Limited.

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