JOYY Q3 Non-GAAP Net Income Increases, Revenue Falls; Q4 Revenue Outlook Issued
MT Newswires Live
Nov 20
JOYY (JOYY) reported late Wednesday Q3 non-GAAP net income from continuing operations of $1.36 per diluted American depositary share, up from $1.07 a year earlier.
A single analyst polled by FactSet expected $0.98.
Revenue for the quarter ended Sept. 30 was $540.2 million, down from $558.7 million a year earlier.
Analysts surveyed by FactSet expected $532.3 million.
For Q4, the social media platform expects net revenue of $563 million to $578 million. Three analysts polled by FactSet expect $547.5 million.
Shares of the company were up 3.9% in premarket trade.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.