JOYY Q1 2024 Adj EPS $1.02 Beats $0.81 Estimate, Sales $564.560M Beat $552.667M Estimate
Portfolio Pulse from Benzinga Newsdesk
JOYY (NASDAQ:YY) reported Q1 2024 earnings of $1.02 per share, beating the analyst estimate of $0.81 by 25.93%. Sales were $564.560 million, surpassing the $552.667 million estimate. Despite the earnings beat, sales decreased by 3.27% compared to the same period last year.
May 29, 2024 | 4:47 am
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JOYY (NASDAQ:YY) reported Q1 2024 earnings of $1.02 per share, beating the analyst estimate of $0.81 by 25.93%. Sales were $564.560 million, surpassing the $552.667 million estimate. Despite the earnings beat, sales decreased by 3.27% compared to the same period last year.
JOYY's earnings per share significantly beat analyst expectations, which is likely to have a positive short-term impact on the stock price. However, the year-over-year decrease in sales may temper some of the enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100