JOYY Q4 Adj. EPS $1.01 Beats $0.77 Estimate, Sales $569.84M Beat $558.30M Estimate
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. (NASDAQ:YY) reported Q4 adjusted EPS of $1.01, surpassing the $0.77 estimate, marking a 31.17% beat and a 55.38% increase from last year's $0.65. Q4 sales reached $569.84M, exceeding the $558.30M estimate by 2.07%, despite a 2.88% decrease from last year's $586.73M.
March 19, 2024 | 4:56 am
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POSITIVE IMPACT
JOYY Inc. reported a significant beat on both EPS and sales estimates for Q4, with EPS at $1.01 against a $0.77 estimate and sales of $569.84M against a $558.30M estimate.
Beating both EPS and sales estimates significantly, especially with a 31.17% beat on the EPS estimate and a positive year-over-year growth in EPS, indicates strong financial health and operational efficiency. This outperformance is likely to instill investor confidence and could lead to a short-term positive impact on JOYY Inc.'s stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100