JOYY Expects 3Q23 Net Revenues To Be Between $537M-$567M Vs. Consensus Of $572.55M
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. anticipates its net revenues for the third quarter of 2023 to range between $537 million and $567 million, falling short of the consensus estimate of $572.55 million.
August 30, 2023 | 5:55 am
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JOYY Inc.'s projected 3Q23 revenues are lower than market expectations, which could negatively impact its stock price.
JOYY Inc.'s projected revenues for 3Q23 are lower than the consensus estimate. This shortfall could lead to a negative market reaction, potentially causing a decrease in the company's stock price in the short term.
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