HUYA (NYSE:HUYA) Issues Earnings Results

HUYA (NYSE:HUYA) announced its quarterly earnings results on Tuesday. The company reported $0.01 EPS for the quarter, missing analysts’ consensus estimates of $0.04 by ($0.03), Briefing.com reports. The firm had revenue of $1.50 billion during the quarter, compared to analyst estimates of $1.53 billion. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.30%. The business’s revenue was down 2.2% compared to the same quarter last year. During the same quarter in the prior year, the business earned $0.48 EPS.

HUYA Stock Performance

Shares of HUYA stock opened at $3.71 on Wednesday. The company has a market capitalization of $838.71 million, a price-to-earnings ratio of -41.17 and a beta of 0.72. The company has a 50-day simple moving average of $3.70 and a 200 day simple moving average of $3.68. HUYA has a 52 week low of $2.82 and a 52 week high of $6.84.

Analyst Ratings Changes

Separately, Daiwa Capital Markets cut shares of HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Five investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to data from MarketBeat.com, HUYA presently has an average rating of “Hold” and an average price target of $5.68.

HUYA Company Profile

HUYA Inc, together with its subsidiaries, operates game live streaming platforms in the People's Republic of China. Its platforms enable broadcasters and viewers to interact during live streaming. The company's live streaming content also covers other entertainment content, such as talent shows, anime, outdoor activities, live chats, and other genres.