Investing.com - DouYu reported on Monday third quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
DouYu announced earnings per share of ¥0.010 on revenue of ¥252.81M. Analysts polled by Investing.com anticipated EPS of ¥0.050 on revenue of ¥1.84B.
DouYu shares are down 50% from the beginning of the year and are trading at ¥1.320 , down-from-52-week-high.
DouYu follows other major Communication Services sector earnings this month
DouYu's report follows an earnings missed by Alphabet C on October 25, who reported EPS of ¥1.06 on revenue of ¥69.09B, compared to forecasts EPS of ¥1.26 on revenue of ¥71B.
Tencent ADR had beat expectations on November 15 with third quarter EPS of ¥0.4669 on revenue of ¥19.79B, compared to forecast for EPS of ¥0.447 on revenue of ¥20.01B.
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