NQ Mobile Slips To Loss In Q4; Lifts FY14 Revenue Outlook - Quick Facts

(RTTNews) - NQ Mobile Inc. (NQ) posted fourth-quarter net loss attributable to the company of US$5.2 million or US$0.09 per ADS, compared to net income of US$4.9 million or US$0.09 per ADS in the comparable quarter last year.

Adjusted net income attributable to the company rose to US$14.9 million or US$0.22 per ADS from US$12.3 million or US$0.23 per ADS last year. On average, four analysts polled by Thomson Reuters expected the company to earn $0.32 per share. Analysts' estimates typically exclude special items.

Total net revenues for the latest fourth quarter were US$67.87 million, up from US$30.03 million in the year-ago period, while four analysts had a consensus revenue estimate of $62.83 million for the quarter.

Looking ahead to the first quarter, the company expects net revenues to be in the range of $75 million to $76 million. Analysts now expect first quarter revenue of $65.50 million.

For full year 2014, the company raised its net revenue to a range of $320 million to $325 million from its previous range of $305 million to $310 million. Analysts now expect full year 2014 revenue of $293.90 million.