Joyy Inc Reports Results For The Quarter Ended In December: Earnings Summary

JOYY

16/03/2023 24:07

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
65
cents​​ per share for the quarter ended in December. The mean
expectation of seven analysts for the quarter was for earnings
of 24 cents per share.
    * Revenue fell 8.9% to $604.91 million from a year ago;
analysts
expected $601.65 million. 
    * The mean earnings estimate of analysts had fallen by
about 8.9%
in the last three months.​ 
    * In the last 30 days, two analysts negatively revised
earnings
estimates 
    * JOYY Inc shares had fallen by 13.0% this quarter.
    * The company reported a quarterly loss of $380.07 million.
    * Wall Street's median 12-month price target for JOYY Inc is
$49.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 17 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
March 16 at 12:07 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2022      0.24           0.65           Beat
 Sep. 30 2022      0.39           0.96           Beat
 Jun. 30 2022      0.20           0.65           Beat
 Mar. 31 2022      0.27           0.28           Beat