JOYY Inc reports results for the quarter ended September 30 - Earnings Summary
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 |
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