U.S. Markets closed

YY: 1Q Earnings Snapshot

GUANGZHOU, China (AP) _ YY Inc. (YY) on Tuesday reported first-quarter profit of $460.4 million.

On a per-share basis, the Guangzhou, China-based company said it had profit of $6.57. Earnings, adjusted for non-recurring gains, came to $1.38 per share.

The social media company posted revenue of $705.3 million in the period.

For the current quarter ending in July, YY said it expects revenue in the range of $889.1 million to $918.8 million.

YY shares have climbed roughly 7% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $63.93, a decline of 38% 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