GUANGZHOU, China (AP) _ YY Inc. (YY) on Monday reported a second-quarter loss of $41.8 million, after reporting a profit in the same period a year earlier.
On a per-share basis, the Guangzhou, China-based company said it had a loss of 32 cents. Earnings, adjusted for non-recurring costs, were $2.03 per share.
The results exceeded Wall Street expectations. The average estimate of three analysts surveyed by Zacks Investment Research was for earnings of $1.81 per share.
The social media company posted revenue of $570.2 million in the period.
For the current quarter ending in October, YY said it expects revenue in the range of $610.4 million to $630.8 million.
YY shares have fallen 22 percent since the beginning of the year. In the final minutes of trading on Monday, shares hit $87.67, an increase of 11 percent 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