NQ Mobile Lifts Outlook

Second quarter earnings slipped for NQ Mobile Inc. (NYSE: NQ) to 3 cents per American Depositary Share compared with 4 cents per American Depositary Share a year earlier but the results were better than expected as revenue more than doubled. The company forecast current quarter revenue ahead of estimates and lifted its full year guidance sending the stock price soaring $3.61 to close at $19.51.