JOYY Inc reported second-quarter earnings that missed analyst forecasts despite revenue exceeding projections.
The company posted adjusted earnings per share of $1.24, $0.20 below the consensus estimate of $1.44. Revenue totaled $590.75 million, up 3.7% year-over-year and surpassing the $569.85 million forecast.
Shares of JOYY rose 4.03% in after-hours trading to $78.02, following a 11.23% gain over the prior three months and a 40.08% increase over the past year. The stock closed the regular session at $75.00.
Analysts have revised EPS estimates downward over the last 90 days, with no upward revisions recorded. InvestingPro assigned the company a financial health score of "good performance."
