Investing.com - YY A reported on Thursday first quarter earnings that missed analysts' forecasts and revenue that fell short of expectations.
YY A announced earnings per share of -1.91 on revenue of 4.1B. Analysts polled by Investing.com anticipated EPS of -0.0632 on revenue of 4.26B.
YY A shares are up 6.78% from the beginning of the year and are trading at 85.40 , down-from-52-week-high.They are broadly in line with the Nasdaq which is up 6.58% 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 NVIDIA on Wednesday, who reported EPS of 3.66 on revenue of 5.66B, compared to forecasts EPS of 3.28 on revenue of 5.39B.
Cisco had beat expectations on May 19 with third quarter EPS of 0.83 on revenue of 12.8B, compared to forecast for EPS of 0.8219 on revenue of 12.57B.
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