JOYY Q2 Adj. EPS $1.17 Beats $0.89 Estimate, Sales $565.13M Beat $558.00M Estimate
Portfolio Pulse from Benzinga Newsdesk
JOYY Inc. (NASDAQ:YY) reported Q2 earnings of $1.17 per share, surpassing the $0.89 estimate, despite a 9.3% decrease from last year. Sales reached $565.13M, beating the $558.00M estimate and marking a 3.25% increase from the previous year.
August 28, 2024 | 5:52 am
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JOYY Inc. reported better-than-expected Q2 earnings and sales, with EPS of $1.17 beating the $0.89 estimate and sales of $565.13M surpassing the $558.00M estimate. However, EPS decreased by 9.3% from last year.
JOYY's Q2 earnings and sales exceeded analyst expectations, which is typically a positive indicator for stock performance. The EPS beat by 31.46% and sales beat by 1.28% suggest strong financial performance. However, the 9.3% decrease in EPS from last year may temper some investor enthusiasm.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100