Why YY Inc. Stock Popped 14.2% in November
Shares of YY Inc. (NASDAQ: YY) climbed 14.2% in November, according to data from S&P Global Market Intelligence, after the Chinese live-streaming platform announced strong quarterly results.
YY stock skyrocketed nearly 25% on Nov. 15, 2017, alone. That was the first trading day after the company confirmed that its third-quarter revenue grew 48% year over year to $464.8 million, which translated to 41.2% growth in adjusted net income per American depositary share (ADS) to $1.59. Both figures arrived comfortably ahead of Wall Street's models, which called for revenue of $422.8 million and adjusted earnings of $1.45 per ADS.
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Source: Fool.com
JOYY Inc. ADR Aktie
32,00 €
0,63 %
Die JOYY Inc. ADR Aktie erhält starke Unterstützung mit mehreren Buy- und keiner Sell-Einschätzung.
Eine deutliche Steigerung um mehr als 20% ist für JOYY Inc. ADR mit einem Kursziel von 45 € gegenüber 32.0 € zu erwarten.
