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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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May 19, 2015
19:06 EDTNQOn The Fly: After Hours Movers
UP AFTER EARNINGS: Computer Sciences (CSC), up 5%... NQ Mobile (NQ), up 1.4%. ALSO HIGHER: Sarepta Therapeutics (SRPT), up 38.9% after announcing plans for rolling eteplirsen NDA... LendingClub (LC), up 2.8% after being upgraded to Overweight from Equal Weight at Morgan Stanley. DOWN AFTER EARNINGS: Keysight Technologies (KEYS), down 3.1%... Autodesk (ADSK), down 2.1%. ALSO LOWER: Cimarex Energy (XEC), down 4% after filing to sell 6M shares of common stock... Norwegian Cruise Line (NCLH), down 2.5% after filing to sell 20M ordinary shares for holders... Achillion Pharmaceuticals (ACHN), down 3.2% following collaboration for HCV with Janssen.
17:08 EDTNQNQ Mobile sees FY15 revenue $455M-$460M, one estimate $443M
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17:08 EDTNQNQ Mobile sees Q2 revenue $102M-$103M, one estimate $99.5M
Representing a 25.0%-26.2% year-over-year increase.
17:06 EDTNQNQ Mobile reports Q1 adjusted EPS 0c, one estimate 0c
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