Investing.com - YY A reported on Wednesday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
YY A announced earnings per share of $0.0648 on revenue of $4.29B. Analysts polled by Investing.com anticipated EPS of $-0.6039 on revenue of $4.17B.
YY A shares are down 48.71% from the beginning of the year and are trading at $41.02 , down-from-52-week-high.They are under-performing the Nasdaq which is up 12.71% 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 July 27, who reported EPS of $1.3 on revenue of $81.43B, compared to forecasts EPS of $1.01 on revenue of $73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of $27.26 on revenue of $61.88B, compared to forecast for EPS of $19.33 on revenue of $56.19B.
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