HUYA (NYSE:HUYA – Get Free Report) posted its earnings results on Tuesday. The company reported $0.34 earnings per share for the quarter, beating the consensus estimate of $0.04 by $0.30, Briefing.com reports. HUYA had a negative net margin of 2.51% and a positive return on equity of 0.29%. The business had revenue of $1.54 billion for the quarter, compared to analyst estimates of $1.53 billion. During the same quarter in the previous year, the business posted $0.05 EPS. The business’s quarterly revenue was down 7.6% on a year-over-year basis.
HUYA Trading Up 1.1 %
Shares of HUYA opened at $3.09 on Friday. HUYA has a 52 week low of $2.92 and a 52 week high of $6.84. The stock has a 50 day moving average of $4.07 and a 200-day moving average of $4.36.
Wall Street Analysts Forecast Growth
HUYA has been the topic of a number of recent research reports. HSBC restated a “hold” rating and set a $4.70 price objective on shares of HUYA in a research note on Friday, October 11th. Bank of America lowered HUYA from a “buy” rating to a “neutral” rating and lowered their price objective for the company from $5.80 to $4.00 in a research note on Wednesday, November 6th. Hsbc Global Res lowered HUYA from a “strong-buy” rating to a “hold” rating in a research report on Friday, October 11th. Finally, Citigroup decreased their price target on shares of HUYA from $5.90 to $5.00 and set a “buy” rating for the company in a research report on Thursday. Four analysts have rated the stock with a hold rating and two have issued a buy rating to the company. Based on data from MarketBeat.com, HUYA has an average rating of “Hold” and an average target price of $5.68.
About HUYA
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.
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