YY Inc. (NASDAQ:YY) an online social platform, is reporting second quarter earnings results on Wednesday 12th August 2020, after market close.
The consensus estimates from Thomson Reuters are income of $ 0.69 per share.
For the full year, analysts predict revenues of $ 3422.25 million, while looking forward to income of $ 3.71 per share.
The Company Outlook
Revenue for 2Q20 are expected in a range of $ 706.14 million ~ $ 727.32 million
Click Here For More Historical Outlooks Of YY Inc.
Previous Quarter Performance
YY Inc. unwinded income for the first quarter of $ 0.68 per share, from the revenue of $ 1,010.00 million. The quarterly earnings fell 49.63 percent while revenues surged 66.47 percent compared with the same quarter last year.
Street analysts expected YY Inc. to report income of $ 0.56 per share on revenue of $ 970.62 million for the first quarter. The bottom line results beat street analysts by $ 0.12 or 21.43 percent, at the same time, top line results outshined analysts by $ 39.38 million or 4.06 percent.
Historical Earnings Performance
wpDataChart with provided ID not found! wpDataTable with provided ID not found!Click Here For More Historical Earnings Of YY Inc.
Stock Performance
According to the previous trading day, closing price of YY was $ 77.60, representing a 87.76 % increase from the 52 week low of $ 41.33 and a 21.89 % decrease over the 52 week high of $ 99.35.
The company has a market capital of $ 6.25 billion and is part of the Technology sector and Internet Content & Information industry.
[stock_market_widget type=”chart” template=”basic” color=”orange” assets=”YY” range=”1y” interval=”1mo” axes=”true” cursor=”true” api=”yf” style=”height: 400px;”]
Conference Call
YY Inc. will be hosting a conference call at 9:00 PM eastern time on 12th August 2020, to discuss its 2Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.yy.com
YY Inc., through its subsidiaries, engages in the live streaming business in the Peoples Republic of China. The company operates YY Live platform, an online music and entertainment live streaming service; Huya platform, a live streaming platform, including online games, console games, mobile games, entertainments, sports, etc.; and Bigo, a leading short-form video social platform. Its platforms enable users to interact in live online group activities through voice, text, and video.
