DouYu International (NASDAQ:DOYU) Releases Quarterly Earnings Results, Beats Expectations By $0.06 EPS

DouYu International (NASDAQ:DOYU) issued its quarterly earnings results on Wednesday. The company reported $0.26 earnings per share (EPS) for the quarter, topping the Thomson Reuters’ consensus estimate of $0.20 by $0.06, Briefing.com reports. The company had revenue of $1.86 billion for the quarter, compared to analysts’ expectations of $1.85 billion. The business’s quarterly revenue was up 81.4% on a year-over-year basis. DouYu International updated its Q4 2019
Pre-Market guidance to EPS.

Shares of NASDAQ DOYU opened at $7.84 on Thursday. DouYu International has a 1 year low of $7.01 and a 1 year high of $11.88. The company’s 50-day moving average is $7.75.

DOYU has been the subject of a number of recent research reports. HSBC initiated coverage on shares of DouYu International in a research note on Monday, September 16th. They issued a “hold” rating for the company. Bank of America initiated coverage on shares of DouYu International in a research note on Monday, August 12th. They issued a “buy” rating for the company. 86 Research upgraded shares of DouYu International to a “buy” rating and set a $12.00 price objective for the company in a research note on Tuesday, September 3rd. Zacks Investment Research lowered shares of DouYu International from a “hold” rating to a “sell” rating in a research note on Tuesday. Finally, JPMorgan Chase & Co. started coverage on shares of DouYu International in a research note on Tuesday, August 27th. They issued an “overweight” rating for the company. One research analyst has rated the stock with a sell rating, one has issued a hold rating and four have assigned a buy rating to the company’s stock. DouYu International currently has an average rating of “Buy” and a consensus target price of $10.75.

About DouYu International

DouYu International Holdings Limited operates a platform on PC and mobile apps that provides interactive games and entertainment live streaming in China. Its platform connects game developers and publishers, professional eSports teams or players and eSports tournament organizers, advertisers, and viewers.

Further Reading: Cost of equity and a company’s balance sheet

Receive News & Ratings for DouYu International Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for DouYu International and related companies with MarketBeat.com's FREE daily email newsletter.