Investing.com - YY A reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
YY A announced earnings per share of $0.42 on revenue of $650.5M. Analysts polled by Investing.com anticipated EPS of $-0.1412 on revenue of $4.01B.
YY A shares are down 32.11% from the beginning of the year, still down 63.53% from its 52 week high of $148.87 set on February 16. They are under-performing the Nasdaq which is up 23.54% from the start of the year.
YY A follows other major Communication Services sector earnings this month
YY A's report follows an earnings beat by Alphabet C on October 26, who reported EPS of $27.99 on revenue of $65.12B, compared to forecasts EPS of $23.83 on revenue of $63.53B.
Alphabet A had beat expectations on October 26 with third quarter EPS of $27.99 on revenue of $65.12B, compared to forecast for EPS of $23.73 on revenue of $63.53B.
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