Diamonds and Dogs
Momo has the momentum. Chinese technology and software firm, Momo (MOMO) is up 10% thanks to better than expected earnings and higher guidance for the first quarter. Earnings came in at 44 cents a share verse estimates of 30 cents. Revenue grew 524% year over year. For the first quarter, Momo issued upside guidance of net revenue between $238M -$243M vs $196.51M estimates.
Good news, bad news at Dicks (DKS). The sporting goods retailer, came out with better than expected fourth-quarter fiscal 2016 results. The company earned $1.32 per share jumping 17% year over year, ahead of estimates. The fourth quarter was driven by robust comparable store sales (comps), coupled with gross margin expansion. However the stock is down 8% not far from a 52 week low after issuing downside guidance for the first quarter while also issuing downside guidance for the full year 2018.