HUYA (NYSE:HUYA) Announces Quarterly Earnings Results

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

HUYA Stock Performance

HUYA stock opened at $3.71 on Wednesday. The stock has a market capitalization of $838.71 million, a price-to-earnings ratio of -41.17 and a beta of 0.72. HUYA has a 52-week low of $2.82 and a 52-week high of $6.84. The stock’s 50 day moving average price is $3.70 and its two-hundred day moving average price is $3.68.

Wall Street Analyst Weigh In

Separately, Daiwa Capital Markets downgraded HUYA from an “outperform” rating to a “neutral” rating in a research note on Tuesday. Five analysts have rated the stock with a hold rating and two have given a buy rating to the company’s stock. Based on data from MarketBeat.com, the company currently has a consensus rating of “Hold” and a consensus 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.