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

JOYY

01/12/2023 04:53

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
$1.22​​
per share for the quarter ended in September, higher than the
same quarter last year, when the company reported EPS of 96
cents.  The mean expectation of six analysts for the quarter was
for earnings of 69 cents per share. Wall Street expected
results to range from 49 cents to 95 cents per share.
    * Revenue fell 3.4% to $567.07 million from a year ago;
analysts
expected $542.89 million. 
    * The company reported quarterly net income of $65.08
million.
    * JOYY Inc shares had risen by 0.9% this quarter and
gained 21.8%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had risen by
about 32.7%
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 13 "strong buy" or "buy," 4
"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
$45.50 
This summary was machine generated from LSEG data December 1 at
04:52 a.m. UTC. ​All figures in US dollars unless otherwise
stated. QUARTER ENDING    ESTIMATE       ACTUAL         BEAT, MET,
                                                 MISSED
 Sep. 30 2023      0.69           1.22           Beat
 Jun. 30 2023      0.40           1.29           Beat
 Mar. 31 2023      0.34           0.64           Beat
 Dec. 31 2022      0.24           0.65           Beat