GUANGZHOU, China (AP) _ YY Inc. (YY) on Tuesday reported second-quarter net income of $3.8 million, after reporting a loss in the same period a year earlier.
The Guangzhou, China-based company said it had profit of 4 cents per share. Earnings, adjusted for non-recurring costs, came to 75 cents per share.
The social media company posted revenue of $917 million in the period.
YY shares have dropped 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $53.64, a decline of 39% in the last 12 months.