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JOYY: 4Q Earnings Snapshot

GUANGZHOU, China (AP) _ JOYY Inc. (YY) on Monday reported fourth-quarter earnings of $22.4 million.

On a per-share basis, the Guangzhou, China-based company said it had net income of 27 cents. Earnings, adjusted for amortization costs and non-recurring costs, were 96 cents per share.

The social media company posted revenue of $1.09 billion in the period.

For the year, the company reported profit of $494.9 million, or $6.18 per share. Revenue was reported as $3.67 billion.

For the current quarter ending in April, JOYY said it expects revenue in the range of $958.4 million to $972.6 million.

JOYY shares have declined 19% since the beginning of the year. In the final minutes of trading on Monday, shares hit $42.74, a decrease of 46% in the last 12 months.


This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on YY at https://www.zacks.com/ap/YY