YY Music Sales Jump 217%, Leading Blowout Q4 Earnings

By | March 4, 2014

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Chinese gaming and music company YY (YY) trampled Wall Street’s Q4 sales forecast as revenue from the firm’s online music and entertainment division jumped 217%, sending the stock higher late Tuesday. YY reported sales up 136% to $101.1 million from $42.8 million in the year-earlier quarter. That topped Wall Street’s consensus view of $84.5 million, according to analysts polled by Thomson Reuters. It also ended a four-quarter string of Scalper1 News

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