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Momo.com profit misses consensus by 21.6% in Q4

Momo.com Inc. said its fourth-quarter normalized net income came to NT$1.51 per share, compared with the S&P Capital IQ consensus estimate of NT$1.93 per share.

EPS declined 21.8% year over year from NT$1.94.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was NT$213.4 million, a decrease of 15.4% from NT$252.1 million in the year-earlier period.

The normalized profit margin fell to 3.1% from 4.0% in the year-earlier period.

Total revenue grew 8.2% on an annual basis to NT$6.85 billion from NT$6.33 billion, and total operating expenses rose 10.4% year over year to NT$6.60 billion from NT$5.98 billion.

Reported net income decreased 20.7% year over year to NT$257.9 million, or NT$1.83 per share, from NT$325.1 million, or NT$2.50 per share.

For the year, the company's normalized net income totaled NT$5.95 per share, compared with the S&P Capital IQ consensus normalized EPS estimate of NT$7.58.

EPS declined 22.2% from NT$7.65 in the prior year.

Normalized net income was NT$843.3 million, a decrease of 14.2% from NT$982.6 million in the prior year.

Full-year total revenue grew 7.3% from the prior-year period to NT$25.64 billion from NT$23.90 billion, and total operating expenses grew 9.4% on an annual basis to NT$24.58 billion from NT$22.47 billion.

The company said reported net income fell 15.1% year over year to NT$1.06 billion, or NT$7.48 per share, in the full year, from NT$1.25 billion, or NT$9.72 per share.

As of Jan. 29, US$1 was equivalent to NT$33.49.