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JOYY (YY) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy).
YY, HQI, MBGAF, GSBD and SNCY have been added to the Zacks Rank #1 (Strong Buy) List on March 24, 2023.
GSBD, YY and DTEGY made it to the Zacks Rank #1 (Strong Buy) income stocks list on March 24, 2023.
JOYY Inc. (NASDAQ:YY ) Q4 2022 Earnings Conference Call March 15, 2023 9:00 PM ET Company Participants Jane Xie - Senior Manager, Investor Relations David Xueling Li - Chairman & Chief Executive Officer Alex Liu - General Manager of Finance Conference Call Participants Thomas Chong - Jefferies Thomas Shen - Nomura Jasmine Wang - Credit Suisse Yiwen Zhang - China Renaissance Operator Ladies and gentlemen, thank you for standing by, and welcome to the JOYY Inc. Fourth Quarter and Full Year 2022 Earnings Call. At this time, all participants are in a listen-only mode.
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SINGAPORE, March 10, 2023 (GLOBE NEWSWIRE) -- JOYY Inc. (NASDAQ: YY) (“JOYY” or the “Company,” formerly known as YY Inc.), a global video-based social media company, today announced that it plans to release its fourth quarter and full year 2022 financial results after the U.S. market closes on March 15, 2023.
YY, VWAGY and AXS made it to the Zacks Rank #1 (Strong Buy) income stocks list on January 31, 2023.
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Due to adverse economic conditions, JOYY's revenue from the streaming business has been dropping. But the company has over $5 billion in liquid assets and is trading for just $2.5 billion.
JOYY's (YY) third-quarter 2022 results hurt by global macroeconomic uncertainties and the appreciation of the U.S. dollars against certain other local currencies.