Scalper1 News
YY (YY) stock fell on Thursday after the Chinese online social platform late Wednesday reported slowing growth in gaming users and lower display ad revenue for Q2. YY’s Q2 earnings and revenue, however, beat Wall Street views, as sales for its music and entertainment segment tripled. The company’s Q3 revenue guidance also beat views. In a conference call with analysts late Wednesday, YY CFO Eric He acknowledged “softness” in the company’s online Scalper1 News
Scalper1 News