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Stock Market & Financial Investment News

News Breaks
May 30, 2014
09:30 EDTNQNQ Mobile announces sale of a minority interest investment in FL Mobile
NQ Mobile announced that it has entered into a definitive agreement to sell a minority interest in its wholly owned subsidiary, FL Mobile. Specifically, NQ Mobile has signed a definitive agreement to sell up to 5.88% of FL Mobile, or up to a total of $25M, consisting of $15M to Bison Mobile Limited, a division of Bison Capital Co Ltd and $10M from other investors, at a pre-money valuation of $400M dollars or post-money valuation of $425M. The funds will be used to further expand and enhance the FL Mobile business, brand and content. The investment has a redemption right if FL Mobile does not complete a qualified IPO within 12 months after the investment is completed.
News For NQ From The Last 14 Days
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March 24, 2015
10:52 EDTNQChinaRock Capital reports 5.75% stake in NQ Mobile
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March 19, 2015
09:20 EDTNQOn The Fly: Pre-market Movers
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09:07 EDTNQNQ Mobile appoints Chun Ding as independent director of board
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March 18, 2015
18:32 EDTNQOn The Fly: After Hours Movers
UP AFTER EARNINGS: Guess (GES), up 12.4% after reporting fourth quarter results and guidance... Shoe Carnival (SCVL), up 10%... NQ Mobile (NQ), up 9.1%... Tilly's (TLYS), up 1.3%... Cintas (CTAS), up 1.3% after reporting quarterly results and raising fiscal 2015 guidance. DOWN AFTER EARNINGS: Williams-Sonoma (WSM), down 4.1%... Jabil Circuit (JBL), down 1.8%... Juno Therapeutics (JUNO), down 3.3%. ALSO LOWER: Concert Pharmaceuticals (CNCE), down 4.4% after filing to sell common stock... Tekmira Pharmaceuticals (TKMR), down 3.7% after filing to sell 6M shares of common stock.
17:03 EDTNQNQ Mobile sees FY15 revenue $450M-$455M, one estimate $424M
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17:03 EDTNQNQ Mobile sees Q1 revenue $85M-$86M, one estimate $94.73M
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17:01 EDTNQNQ Mobile reports Q4 EPS 3c, one estimate 2c
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