Investing.com - YY A reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
YY A announced earnings per share of $1.86 on revenue of $4.15B. Analysts polled by Investing.com anticipated EPS of $1.72 on revenue of $3.88B.
YY A shares are down 6.69% from the beginning of the year, still down 46.07% from its 52 week high of $78.60 set on June 1, 2021. They are outperforming the Nasdaq which is down 22.78% from the start of the year.
YY A follows other major Communication Services sector earnings this month
YY A's report follows an earnings missed by Tencent ADR on May 18, who reported EPS of $0.3552 on revenue of $20.02B, compared to forecasts EPS of $0.4734 on revenue of $21.81B.
Walt Disney had missed expectations on May 11 with second quarter EPS of $1.08 on revenue of $20.27B, compared to forecast for EPS of $1.19 on revenue of $20.05B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar