YY Will See Payoff From Online Ed Acquisition: Report

By | December 19, 2014

Scalper1 News

China social site YY (YY) will see a payoff in Q1 from its recent purchase of an online education site, Pacific Crest Securities said in a research report Friday. YY stock was up about 3% in afternoon trading in the stock market today, near 66. YY stock had fallen nearly 40% since early September, just before the company’s Q3 earnings showed slowing revenue growth as competition intensifies. The company’s Q3 EPS ex items climbed 87% in local Scalper1 News

Scalper1 News