Douyu International Holdings Ltd Up 12.4% To $1.42 After Earnings Beat

Monday, August 15, 2022 - Douyu International Holdings Ltd (DOYU) reported upside earnings and revenues today.

Douyu International Holdings Ltd's earnings came in at an EPS of $0.01 per share, 125.00% higher than estimates for an EPS loss of $0.04 per share. The firm's earnings are up 120% since reporting losses of $0.05 per share in the same period a year ago. Remember, earnings reported were on an adjusted basis, so they may not be comparable to prior reports and/or analyst estimates.

Revenues were upbeat at $273.7 million. That represents a 24.38% decrease in revenues from the year-ago report and is 3.67% higher than consensus estimates set at $264 million.

The stock is up 12.4% to $1.42 after the report.

The firm's lower revenue growth to earnings signals that the firm has been able to reduce costs and improve its profit margin overall.

Wall Street Analysts had an average rating of Sell on the stock prior to the report.

InvestorsObserver gives the stock a Bullish Sentiment score at the moment based on recent trading.

Douyu International Holdings Ltd has performed poorly during the past few months, garnering a low Long-Term Technical Rank by InvestorsObserver of 14, putting Douyu International Holdings Ltd in the bottom 25% of stocks. The firm was recently trading at a 52-week low of $1.11 on July 29, 2022 and set a 52-week high on September 1, 2021 at $4.56.

DouYu International Holdings Ltd is a game-centric live streaming platform in China. The company operates its platform on both PC and mobile apps, through which users can enjoy immersive and interactive games and entertainment live streaming. It generates revenues through live streaming and advertisement.