Investing.com - YY A reported on Monday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.
YY A announced earnings per share of 8.89 on revenue of 6.29B. Analysts polled by Investing.com anticipated EPS of 6.76 on revenue of 5.96B.
YY A shares are up 16% from the beginning of the year, still down 7.20% from its 52 week high of 103.00 set on November 9. They are under-performing the Nasdaq which is up 32.89% from the start of the year.
YY A follows other major Technology sector earnings this month
YY A's report follows an earnings beat by Apple on October 29, who reported EPS of 0.73 on revenue of 64.7B, compared to forecasts EPS of 0.71 on revenue of 63.8B.
Microsoft had beat expectations on October 27 with first quarter EPS of 1.82 on revenue of 37.15B, compared to forecast for EPS of 1.54 on revenue of 35.76B.
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