=YY (YY) reported earnings on Tue 12 Nov 19 (a/h)

YY beats by $0.09, beats on revs; sees Q4 revs +57.7-62% yr/yr

Reports Q3 (Sep) earnings of $0.90 per share, excluding non-recurring items, $0.09 better than the S&P Capital IQ Consensus of $0.81; revenues of $962.9 mln vs the $947.24 mln S&P Capital IQ Consensus. Global average mobile MAUs reached 470.1 million, among that ~77.9% were from markets outside of China. Average mobile MAUs of imo reached 212.0 million.

For the fourth quarter of 2019, the Company expects net revenues to be between RMB7.32 billion and RMB7.52 billion, representing a year-over-year growth of 57.7% to 62.0%.