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

JOYY

28/08/2024 01:22

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
$1.17​​
per share for the quarter ended in June, lower than the same
quarter last year, when the company reported EPS of $1.29.  The
mean expectation of four analysts for the quarter was
for earnings of 89 cents per share. Wall Street expected
results to range from 80 cents to 95 cents per share.
    * Revenue rose 3.3% to $565.13 million from a year ago;
analysts
expected $558.00 million. 
    * The company reported quarterly net income of $51.72
million.
    * JOYY Inc shares had risen by 12.0% this quarter and
lost 15.1%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 0.7%
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 11 "strong buy" or "buy," 6
"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
$39.00 
This summary was machine generated from LSEG data August 28 at
12:22 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
 Jun. 30 2024      0.89           1.17           Beat
 Mar. 31 2024      0.81           1.02           Beat
 Dec. 31 2023      0.77           1.01           Beat
 Sep. 30 2023      0.69           1.22           Beat