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YY: 2Q Earnings Snapshot

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.


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