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

JOYY

31/05/2023 11:10

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
64
cents​​ per share for the quarter ended in March. The mean
expectation of five analysts for the quarter was for earnings of
34 cents per share.
    * Revenue fell 6.4% to $583.63 million from a year ago;
analysts
expected $564.68 million. 
    * The mean earnings estimate of analysts had risen by
about 129.3%
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 fallen by 13.7% this quarter and
lost 14.8%
so far this year.
    * The company reported quarterly net income of $25.42
million.
    * Wall Street's median 12-month price target for JOYY Inc is
$44.80 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 18 "strong buy" or "buy," 3
"hold" and no "sell" or "strong sell." 

This summary was machine generated from LSEG Refinitiv data May
31 at 10:09 a.m. UTC. ​All figures in US dollars unless
otherwise stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Mar. 31 2023      0.34           0.64           Beat
 Dec. 31 2022      0.24           0.65           Beat
 Sep. 30 2022      0.39           0.96           Beat
 Jun. 30 2022      0.20           0.65           Beat