JOYY Q2 EPS $1.29 Beats $0.40 Estimate, Sales $547.33M Beat $536.38M Estimate
Portfolio Pulse from Benzinga Newsdesk
JOYY (NASDAQ:YY) reported Q2 earnings of $1.29 per share, beating the analyst consensus estimate of $0.40 by 222.5%. This is a 98.46% increase from the same period last year. The company also reported quarterly sales of $547.33 million, beating the analyst consensus estimate of $536.38 million by 2.04%, but this is an 8.18% decrease from the same period last year.
August 30, 2023 | 5:50 am
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NEUTRAL IMPACT
JOYY's Q2 earnings and sales beat analyst estimates, which could positively impact the stock. However, the decrease in sales compared to last year might temper this impact.
JOYY's earnings beat estimates, which is typically a positive signal for the stock. However, the decrease in sales compared to the same period last year could be a concern for investors, potentially offsetting the positive impact of the earnings beat.
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