Late Yesterday, JOYY Reported Q1 Adj Earnings Per ADS $0.64 Beats $0.34 Estimate, Sales $583.60M Beat $564.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
JOYY reported Q1 adjusted earnings per ADS of $0.64, beating the $0.34 estimate by 88.24%, and sales of $583.60M, beating the $564.68M estimate by 3.35%. However, sales decreased by 6.44% compared to the same period last year.
May 31, 2023 | 8:48 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
JOYY's Q1 earnings per ADS beat estimates by 88.24% at $0.64, and sales exceeded estimates by 3.35% at $583.60M, but sales were down 6.44% YoY.
JOYY's Q1 earnings per ADS significantly beat estimates, which is a positive signal for the stock. However, the decrease in sales compared to last year may slightly dampen the positive impact. Overall, the stock is likely to go up in the short term due to the strong earnings beat.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100