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

JOYY

30/08/2023 02:29

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
$1.29​​
per share for the quarter ended in June. The mean expectation of
six analysts for the quarter was for earnings of 40 cents per
share.
    * Revenue fell 8.2% to $547.33 million from a year ago;
analysts
expected $536.38 million. 
    * The mean earnings estimate of analysts had risen by
about 5.4%
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 8.0% this quarter and
gained 5.0%
so far this year.
    * The company reported quarterly net income of $152.54
million.
    * Wall Street's median 12-month price target for JOYY Inc is
$43.00 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 16 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data
August 30 at 01:29 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Jun. 30 2023      0.40           1.29           Beat
 Mar. 31 2023      0.34           0.64           Beat
 Dec. 31 2022      0.24           0.65           Beat
 Sep. 30 2022      0.39           0.96           Beat