Why JOYY Shares Are Trading Higher; Here Are 20 Stocks Moving Premarket
JOYY Inc (NASDAQ: JOYY) reported Q2 earnings below estimates, but beat revenue expectations. Shares rise 3.6% in pre-market trading.
JOYY made less profit than people expected, but earned more money overall—and investors liked that news enough to bid the stock up before regular trading started. When a company misses on profit but beats on sales, watch whether customers keep buying or if the company just made less money per sale.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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