NEW YORK (TheStreet) -- Shares of YY Inc. are higher by 6.45% to $58.73 at the start of trading on Friday morning, following the release of the China-based communication social platform's 2014 fourth quarter financial results, which came in greater than analysts were expecting for the period and improved year-over-year. For the most recent quarter the company said its net earnings increased by 91.6% to 94 cents per diluted ADS versus the 85 cents analysts polled by Thomson Reuters had forecast. YY Inc.'s net revenue for the 2014 fourth quarter rose by 91.2% to $188.7 million compared to the $178.08 million analysts were anticipating. "We are pleased to report strong fourth quarter results as we continue to expand upon the strength of our music and entertainment business and introduce exciting new initiatives.
Similar Stories to Yy Stock Jumping Today On Quarterly Earnings Beat on Bing News
twocents@thestreet.com (Amanda Schiavo), The Street
Fri, 03/06/2015 - 7:57am
Topics: york thestreet shares china-based ads thomson reuters yy inc ceo david xueling li separately b thestreet ratings team yy inc adr yy buy this yy ratings report ycharts internet yy inc yy yy thestreet ratings yy inc adr buy click stock earnings growth quarter strengths revenue company fourth analysts view entertainment million greater multiple business results driven music strength performance cents
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