US-listed shares of China's Hello Group slide after Q1 profit miss

Hello

28/05/2024 12:49

** U.S-listed shares of Hello Group  MOMO.O  down 1.45% at
$5.44 premarket
    ** Chinese social media co reports Q3 profit of RMB
0.31/shr, below estimates of RMB 2.10/shr - LSEG
    ** Posts Q1 revenue of RMB 2.56 bln (US$354.6 million), down
9.2% from same quarter last year
    ** YTD, stock is down ~12.8%

 (Reporting by Jaiveer Singh Shekhawat in Bengaluru)
 ((JaiveerSingh.Shekhawat@thomsonreuters.com;))