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

JOYY

19/03/2024 01:12

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
$1.01​​
per share for the quarter ended in December, higher than the
same quarter last year, when the company reported EPS of 65
cents.  The mean expectation of five analysts for the quarter
was for earnings of 77 cents per share. Wall Street expected
results to range from 51 cents to 90 cents per share.
    * Revenue fell 5.8% to $569.84 million from a year ago;
analysts
expected $558.30 million. 
    * The company reported quarterly net income of $45.49
million.
    * JOYY Inc shares had fallen by 18.7% this quarter.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.8%
in the last three months.​ 
    * In the last 30 days, there have been no earnings estimate
revisions by analysts covering the company.

RECOMMENDATIONS
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 10 "strong buy" or "buy," 5
"hold" and no "sell" or "strong sell." 
    * The average consensus recommendation for the online
services
peer group is also "buy"

Wall Street's median 12-month price target for JOYY Inc is
$46.00 
This summary was machine generated from LSEG data March 19 at
01:11 a.m. UTC. ​All figures in US dollars unless otherwise
stated. (For questions concerning the data in this report,
contact Estimates.Support@lseg.com. For any other questions or
feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Dec. 31 2023      0.77           1.01           Beat
 Sep. 30 2023      0.69           1.22           Beat
 Jun. 30 2023      0.40           1.29           Beat
 Mar. 31 2023      0.34           0.64           Beat