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Stock Market & Financial Investment News

News Breaks
April 30, 2014
08:41 EDTNQNQ Mobile updates independent investigation of short-seller allegations
NQ Mobile provided a status report on the independent investigation into the allegations about NQ made last October by short seller Muddy Waters. The appointed Investigation Team has conducted a far-ranging investigation of NQ's business activities to examine the allegations made in Muddy Waters' October 24, 2013 report. The investigation is nearly complete. The Investigation Team has thus far found no evidence that the company engaged in the alleged fraudulent conduct. The company intends to report the final results of the investigation in connection with the filing of the company's annual report on Form 20-F. The company expects to file its annual report as soon as practicable following the conclusion of the investigation and the completion of the review of its financial statements by its independent auditor. Because that work is not complete, the company will extend by 15 days the date for filing its report on Form 20-F. The company continues to believe that the allegations by Muddy Waters lack merit, and the company therefore does not anticipate any changes to its previously reported financial results.
News For NQ From The Last 14 Days
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August 27, 2015
16:28 EDTNQOn The Fly: Top stock stories for Thursday
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09:26 EDTNQOn The Fly: Pre-market Movers
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August 26, 2015
20:03 EDTNQOn The Fly: After Hours Movers
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18:33 EDTNQNQ Mobile up 56% to $4.75 after entering agreement to sell FL Mobile subsidiary
17:10 EDTNQNQ Mobile enters agreement to sell FL Mobile subsidiary
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17:06 EDTNQNQ Mobile sees Q3 revenue $110.0M-$112.0M, two estimates $118.50M
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17:05 EDTNQNQ Mobile sees FY15 revenue $455.0M-$460.0M, two estimates $449.70M
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17:03 EDTNQNQ Mobile reports Q2 non-GAAP EPS 8c, two estimates 5c
Reports Q2 revenue $102.1M, two estimates $102.00M.
17:00 EDTNQNQ Mobile enters into a binding agreement to sell NationSky
NQ Mobile has entered into legally binding share purchase agreements, which provide for the sale of all of NQ Mobile's interest in the NationSky business, including the entire interest in Beijing NationSky Network Technology, to Hou Shuli, a founder and senior management member of Beijing NationSky, for an aggregate consideration of $80M cash. The NationSky business provides device agnostic managed mobile services, mobile device management services and other mobile SaaS offerings to enterprises. The company's board of directors and audit committee approved the NationSky Agreements and the NationSky Divestment. The NationSky Divestment is expected to close within 60 days.
August 25, 2015
14:50 EDTNQNQ Mobile volatility elevated into Q2 and outlook
NQ Mobile August weekly call option implied volatility is at 183, September is at 129, October is at 104; compared to its 52-week range of 64 to 200, suggesting large near term price movement into the expected release of Q2 results on August 27.

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