Investing.com - YY A reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
YY A announced earnings per share of $7.34 on revenue of $4.23B. Analysts polled by Investing.com anticipated EPS of $1.88 on revenue of $4.22B.
YY A shares are down 44.07% from the beginning of the year, still down 78.56% from its 52 week high of $118.53 set on March 16, 2021. They are under-performing the Nasdaq which is down 17.23% 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 Deutsche Telekom ADR on February 24, who reported EPS of $0.2828 on revenue of $32.16B, compared to forecasts EPS of $0.2977 on revenue of $32.27B.
Sea had missed expectations on March 1 with first quarter EPS of $-0.88 on revenue of $3.22B, compared to forecast for EPS of $-0.8708 on revenue of $3.01B.
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