Joyy Inc Reports Results For The Quarter Ended September 30: Earnings Summary

JOYY

27/11/2024 01:49

* JOYY Inc  YY.OQ  reported quarterly adjusted earnings of
$1.07​​
per share for the quarter ended September 30, lower than the
same quarter last year, when the company reported EPS of $1.22. 
The mean expectation of four analysts for the quarter was
for earnings of 94 cents per share. Wall Street expected
results to range from 87 cents to $1.01 per share.
    * Revenue fell 1.5% to $558.65 million from a year ago;
analysts
expected $561.60 million. 
    * JOYY Inc's reported EPS for the quarter was $1.05​.
    * The company reported quarterly net income of $60.21
million.
    * JOYY Inc shares had fallen by 4.1% this quarter and
lost 12.5%
so far this year.

FORECAST CHANGES
    * The mean earnings estimate of analysts had fallen by
about 4.1%
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
$39.50 
This summary was machine generated from LSEG data November 27 at
01:48 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
 Sep. 30 2024      0.94           1.07           Beat
 Jun. 30 2024      0.89           1.17           Beat
 Mar. 31 2024      0.81           1.02           Beat
 Dec. 31 2023      0.77           1.01           Beat