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

JOYY

30/08/2022 01:40

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
65
cents​​ per share for the quarter ended in June. The mean
expectation of six analysts for the quarter was for earnings of
20 cents per share.
    * Revenue fell 9.9% to $596.10 million from a year ago;
analysts
expected $600.02 million. 
    * JOYY Inc's reported EPS for the quarter was 23 cents​.
    * The mean earnings estimate of analysts had fallen by
about 49.8%
in the last three months.​ 
    * In the last 30 days there have been no earnings estimate
revisions by analysts covering the company. 
    * JOYY Inc shares had risen by 8.6% this quarter and
lost 28.6% so
far this year.
    * The company reported quarterly net income of $16.4
million.
    * Wall Street's median 12-month price target for JOYY Inc is
$55.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 4
"hold" and no "sell" or "strong sell." 

This summary was machine generated from Refinitiv data August 30
at 12:40 a.m.  ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2022      0.20           0.65           Beat
 Mar. 31 2022      0.27           -0.30          Missed
 Dec. 31 2021      0.36           1.15           Beat
 Sep. 30 2021      -0.04          0.42           Beat