YY Inc. (YY) Surges 8% on Earnings Beat

YY Inc. (YY) reported fourth quarter 2014 EPS of $0.94 in the extended session Thursday, compared to the consensus estimate of $0.85. Revenues increased 91.2% from last year to $188.7 million. Analysts expected revenues of $181.11 million. The stock is currently up $4.71, or 8.44%, to $59.90 on 2.74 million shares.

YY Inc said net income increased by 94.1% to $60.1 million compared with the corresponding period of 2013. Non-GAAP net income came in at $66.2 million, an increased of 89.4% yoy.

For full-year 2014, the company reported a yoy net revenue increase of 101.7% to $592.8 million. Non-GAAP net income increased by 101.6% yoy to $193.3 million.

Mr. David Xueling Li, Chief Executive Officer of YY, stated, “We are pleased to report strong fourth quarter results as we continue to expand upon the strength of our music and entertainment business and introduce exciting new initiatives..”

On valuation measures, YY Inc. ADS shares, which currently have an average 3-month trading volume of 1.34 million shares, trade at a trailing-12 P/E of 23.49, a forward P/E of 13.72 and a P/E to growth ratio of 0.25. The median Wall Street price target on the name is $99.00 with a high target of $122.00. Currently ticker boasts 10 ‘Buy’ endorsements, compared to 0 ’Holds’ and no ‘Sell’.

Profitability-wise, YY has a t-12 profit and operating margin of 28.32% and 30.37%, respectively. The $3.12 billion market cap company reported $76.6 million in cash vs. $392.15 million in debt in its most recent quarter.

YY currently prints a one year loss of about 41.00% and a year-to-date loss of around 17.50%.

The chart below shows where the equity has traded over the last 52 weeks.

YY Inc. operates an online social platform in the People’s Republic of China. The company was founded in 2005 and is headquartered in Guangzhou, China.

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