YY Inc. (NASDAQ:YY) is set to announce third quarter earning results on Monday 16th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, YY to report 3Q20 income of $ 1.00 per share.
For the full year, analysts anticipate top line of $ 3797.03 million, while looking forward to income of $ 3.73 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 828.01 million ~ $ 849.25 million
Click Here For More Historical Outlooks Of YY Inc.
Previous Quarter Performance
YY Inc. unfold income for the second quarter of $ 0.79 per share, from the revenue of $ 826.61 million. The quarterly earnings 9.72 percent while revenues reduced 8.11 percent compared with the same quarter last year.
Street analysts expected YY Inc. to report income of $ 0.69 per share on revenue of $ 737.14 million for the second quarter. The bottom line results beat street analysts by $ 0.1 or 14.49 percent, at the same time, top line results outshined analysts by $ 89.47 million or 12.14 percent.
Stock Performance
On Friday, shares of YY Inc. has traded high as $ 97.65 and has cracked $ 93.56 on the downward trend, reaching $ 94.12 with volume of 706.50 thousand shares.
According to the previous trading day, closing price of $ 94.12, representing a 127.46 % increase from the 52 week low of $ 41.33 and a 9.75 % decrease over the 52 week high of $ 104.17.
The company has a market capital of $ 7.61 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
YY Inc. will be hosting a conference call at 9:00 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.yy.com
YY Inc., through its subsidiaries, engages in the live streaming business in the Peoples Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform. Its platforms enable users to interact in live online group activities through voice, text, and video.
