YY Inc. (NASDAQ:YY) posted its quarterly earnings results on Tuesday. The information services provider reported $1.59 earnings per share for the quarter, beating the consensus estimate of $1.54 by $0.05, Briefing.com reports. YY had a net margin of 22.08% and a return on equity of 39.07%. The firm had revenue of $464.78 million during the quarter, compared to the consensus estimate of $425.44 million. During the same period in the previous year, the firm posted $1.08 earnings per share. The business’s revenue was up 53.4% compared to the same quarter last year.
YY (NASDAQ:YY) traded up $0.21 on Friday, reaching $107.23. 1,863,749 shares of the company’s stock were exchanged, compared to its average volume of 1,290,240. The stock has a market capitalization of $6,710.00, a PE ratio of 16.84, a price-to-earnings-growth ratio of 0.97 and a beta of 1.17. YY has a 52-week low of $37.81 and a 52-week high of $116.90.
TRADEMARK VIOLATION NOTICE: This piece of content was first reported by Stock Observer and is the sole property of of Stock Observer. If you are viewing this piece of content on another domain, it was illegally stolen and reposted in violation of United States and international copyright & trademark laws. The legal version of this piece of content can be read at https://www.thestockobserver.com/2017/11/14/yy-inc-yy-announces-quarterly-earnings-results-beats-expectations-by-0-18-eps.html.
A number of equities research analysts have issued reports on YY shares. Vetr downgraded shares of YY from a “buy” rating to a “sell” rating and set a $100.74 price objective for the company. in a research report on Wednesday. J P Morgan Chase & Co raised shares of YY from a “neutral” rating to an “overweight” rating and upped their price objective for the stock from $70.00 to $140.00 in a research report on Thursday. Zacks Investment Research downgraded shares of YY from a “strong-buy” rating to a “hold” rating in a research report on Tuesday, October 17th. ValuEngine downgraded shares of YY from a “strong-buy” rating to a “buy” rating in a research report on Monday, October 2nd. Finally, Jefferies Group LLC raised shares of YY from a “hold” rating to a “buy” rating and set a $45.00 price objective for the company in a research report on Wednesday. Two research analysts have rated the stock with a sell rating, four have issued a hold rating, twelve have assigned a buy rating and one has assigned a strong buy rating to the company. The stock currently has a consensus rating of “Buy” and an average target price of $82.30.
YY Inc (YY) is a social platform that engages users in real-time online group activities through voice, video and text on personal computers and mobile devices. The Company’s segments include YY IVAS and others, Huya broadcasting, and 100 Education. YY enables users to create and organize groups of varying sizes to discover and participate in a range of online activities, including music shows, online games, dating shows, live game broadcasting and e-learning.
Receive News & Ratings for YY Inc. Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for YY Inc. and related companies with MarketBeat.com's FREE daily email newsletter.