YY Inc. (YY) Announces Quarterly Earnings Results

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.

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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.

About YY

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.

Earnings History for YY (NASDAQ:YY)

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