NQ Mobile Inc (NQ) Earnings Beats Expectations

NQ Mobile Inc (NYSE:NQ) reported its earnings for the third quarter of 2013 this afternoon after the market closed on Wall Street. The Mobile services company, which has been the subject of short talk after a Muddy Waters report alleged the company was misleading investors, showed earnings per share of $0.28 on revenue of $54.20M. On today's market shares in NQ Mobile trended strongly up to finish at $14.31.

In the run-up to the release of today's report, analysts following NQ Mobile Inc (NYSE:NQ) were looking for earnings of 27 cents per share from the company on revenue totaling $51 million by consensus. The consensus...