DouYu International (NASDAQ:DOYU) Announces Quarterly Earnings Results

DouYu International (NASDAQ:DOYU) posted its quarterly earnings data on Thursday. The company reported $0.58 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.04 by $0.54, Fidelity Earnings reports. DouYu International had a return on equity of 18.02% and a net margin of 0.60%. The firm had revenue of $2.06 billion for the quarter, compared to the consensus estimate of $1.98 billion. The company’s quarterly revenue was up 77.8% on a year-over-year basis. DouYu International updated its Q1 2020
Pre-Market guidance to EPS.

NASDAQ:DOYU opened at $7.25 on Friday. The stock’s fifty day moving average price is $8.04 and its two-hundred day moving average price is $8.22. DouYu International has a 52-week low of $6.50 and a 52-week high of $11.88.

DOYU has been the topic of several research reports. Zacks Investment Research downgraded DouYu International from a “hold” rating to a “sell” rating in a report on Monday, February 24th. Morgan Stanley downgraded DouYu International from an “overweight” rating to an “equal weight” rating and set a $8.80 price objective on the stock. in a report on Monday, December 2nd. JPMorgan Chase & Co. downgraded DouYu International from an “overweight” rating to a “neutral” rating and reduced their price objective for the stock from $10.00 to $8.00 in a report on Monday, December 2nd. Finally, Jefferies Financial Group initiated coverage on DouYu International in a report on Thursday, December 5th. They set a “buy” rating and a $8.90 price objective on the stock. One equities research analyst has rated the stock with a sell rating, three have issued a hold rating and four have assigned a buy rating to the company’s stock. DouYu International presently has an average rating of “Hold” and a consensus target price of $9.39.

DouYu International Company Profile

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.

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