Scienjoy Holding Corp Down 1.79% To $3.29 After Earnings

Scienjoy Holding Corp (SJ) said before open Thursday that it earned $0.34 per share in quarter one 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analyst estimates or prior periods. The company reported $73.1 million in revenue

In the same quarter a year ago, the company earned $0.35 per share on revenue of $55.7 million.

The stock is down 1.79% to $3.29 after the report.

Despite revenues increasing, earnings decreased, signaling a decline in profit margins.

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

Scienjoy Holding Corp has performed a little above average during the past few months. Before the report, Scienjoy Holding Corp received a Long-Term Technical Rank by InvestorsObserver of 73, putting it in the top half of stocks.

Scienjoy Holding Corp is a show live streaming video entertainment social platform in China. The company operates a mobile live streaming business by which it provides live streaming entertainment from professional broadcasters to the end-users, allowing for operation of live social video communities. It operates three online live streaming brands, with their respective websites and mobile apps, Showself, Lehai, and Haixiu, each using Scienjoy's own mobile applications. Using Scienjoy's mobile applications users can also view photos posted by broadcasters in their personal pages, leave comments, and engage in private chats with broadcasters. The users can also play simple, fun games using virtual currencies within the video rooms while watching live streaming of a broadcaster.