Key Developments: NQ Mobile Inc (NQ)
8.35USD
24 May 2013
$-0.15 (-1.76%)
$8.50
$8.42
$8.55
$8.19
453,613
915,542
$10.68
$5.07
Latest Key Developments (Source: Significant Developments)
NQ Mobile Inc Issues Q2 2013 Revenue Guidance Above Analysts' Estimates; Raises FY 2013 Revenue Guidance
NQ Mobile Inc announced that for the second quarter of 2013, it expects revenues to be in the range of $38.5 million and $38.8 million. Raises fiscal 2013 net revenue guidance from the previously issued range of $178 million to $183 million to a range of $179 million to $184 million. According to I/B/E/S Estimates, analysts expect the Company to report revenues of $38.3 million for the second quarter of 2013 and revenues of $179 million for fiscal 2013. Full Article
NQ Mobile Inc Issues Q1 2013 Revenue Guidance Above Analysts' Estimates; Reaffirms FY 2013 Revenue Guidance
NQ Mobile Inc announced that for the first quarter of 2013, it expects net revenues to be in the range of $32.8 million and $33.3 million and raises fiscal 2013 net revenue guidance from the previously issued range of $150 million to $155 million to a range of $178 million to 183 million. According to I/B/E/S Estimates, analysts expect the Company to report revenues of $29.69 million for the first quarter of 2013 and revenues of $153.99 million for fiscal 2013. Full Article
I-Mobile and NQ Mobile Inc Collaborate to Offer Southeast Asian Mobile Subscribers Privacy, Security and Peace of Mind
NQ Mobile Inc and I-Mobile Corporation, mobile handset provider in Thailand and Southeast Asia, announced an agreement to bring consumers easy access to one the mobile security and safety apps on the market to help ensure safe mobile experiences for its users. I-Mobile will pre-install NQ Mobile Security on its Android mobile devices beginning this month. Full Article
NQ Mobile Inc Issues Q4 2012 and FY 2013 Revenue Guidance Above Analysts' Estimates; Raises FY 2012 Revenue Guidance
NQ Mobile Inc announced that for the fourth quarter of 2012, it expects net revenues to be in the range of $28.5 million and $29.5 million and raises fiscal 2012 net revenue guidance from the previously issued range of $86 million to $89 million to a range of $90 million to $91 million. The Company also initiates its revenue guidance for 2013 to be in the range of $150 million and 155 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $27.7 million for the fourth quarter of 2012; revenue of $88 million for fiscal 2012; revenues of $145 million for fiscal 2013. Full Article
NQ Mobile Inc Gains Access Acquires One-Third Stake In MediaTek Inc.'s Hesine Technologies International Worldwide Inc
NQ Mobile Inc and MediaTek Inc. announced that they have reached an agreement regarding NQ Mobile's acquisition of approximately one-third interest in Hesine Technologies International Worldwide Inc., a wholly owned subsidiary of MediaTek. NQ Mobile's Co-founder, Chairman and Co-CEO, Henry Lin, will join the Board of Directors of Hesine and provide overall strategic direction to the Company. While maintaining a majority interest in Hesine, MediaTek has agreed to further strategic collaboration with Hesine in the deployment of messaging solutions. Full Article
NQ Mobile Inc. Issues Q3 2012 Revenue Guidance Above Analysts' Estimates; Raises FY 2012 Revenue Guidance
NQ Mobile Inc. announced that for third quarter of 2012, it expects net revenues to be in the range of $24-$25 million. For fiscal 2012, it has raised net revenue guidance to a range of $86-$89 million. According to I/B/E/S Estimates, analysts are expecting the Company to report revenue of $23 million for third quarter of 2012; revenue of $83 million for fiscal 2012. Full Article
NQ Mobile Inc. Announces Closing Of Acquisition Of NationSky To Gain Presence In China Enterprise Market
NQ Mobile Inc. announced that it has closed its acquisition of 55% of Beijing NationSky Network Technology, Inc. (NationSky), a provider of mobile services to enterprises in China, on May 28, 2012. NQ Mobile acquired 55% of NationSky in a cash and share transaction totaling up to $12.9 million, if certain performance based milestones are met. The consideration included approximately $3.2 million in cash, $6.8 million in stock, and a performance-based earn out of $2.9 million in stock. Henry Lin, Chairman and Co-CEO of NQ Mobile will become the new Chairman of NationSky, and Charlie Hou, founder of NationSky will remain as the CEO. NQ Mobile will have the majority control of NationSky's board. With this acquisition, NQ Mobile has expanded its footprint into the enterprise market in China. Full Article
NQ Mobile Inc. Issues Q2 2012 Revenue Guidance Above Analysts' Estimates; Raises FY 2012 Revenue Guidance
NQ Mobile Inc. announced that for the second quarter of 2012, it expects net revenues to be in the range of $17.5 million and $17.8 million. For fiscal 2012, it raises the guidance from the previously issued range of $70 million to $72 million to a range of $73 million to $75 million. According to I/B/E/S estimates, analysts were expecting the Company to report revenue of $16.6 million for the second quarter of 2012; revenue of $71.9 million for fiscal 2012. Full Article
NQ Mobile Inc. To Acquire Majority Stakes In Beijing NationSky Network Technology, Inc.
NQ Mobile Inc. announced its intent to acquire 55% of Beijing NationSky Network Technology, Inc. a provider of mobile services to enterprises in China. This transaction is expected to close in the second quarter of 2012. Financial terms were not mentioned. Full Article
NetQin Mobile, Inc Announces Name Change
NQ Mobile Inc., previously named as NetQin Mobile Inc., a global provider of mobile security, privacy and productivity applications announced that it held an extraordinary general meeting of shareholders in Hong Kong on April 18, 2012. NQ Mobile's shareholders approved the proposed change of the Company's name to NQ Mobile Inc., which was previously approved by the Company's Board of Directors. Full Article
BRIEF-NQ Mobile jumps in premarket after Q4 results
NEW YORK, March 7 - NQ Mobile Inc : * Jumps 24.6 percent to $10.93 in premarket after Q4 results
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