JOYY shares are trading lower after the company reported Q4 financial results and issued Q1 net revenue guidance below estimates.
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. shares dropped following its Q4 financial results announcement, which included Q1 net revenue guidance falling short of expectations.
March 19, 2024 | 2:29 pm
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JOYY Inc. (YY) shares declined after the company's Q4 earnings report and disappointing Q1 revenue forecast.
The drop in JOYY Inc.'s share price is directly attributed to its Q4 financial results and the subsequent Q1 revenue guidance, which did not meet analyst expectations. This negative outlook likely led to decreased investor confidence, resulting in a short-term negative impact on the stock price.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100