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

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

DOYU opened at $7.84 on Thursday. DouYu International has a 52 week low of $7.01 and a 52 week high of $11.88. The company has a fifty day moving average price of $7.75.

A number of research firms recently commented on DOYU. Bank of America began coverage on DouYu International in a research note on Monday, August 12th. They issued a “buy” rating on the stock. Citigroup began coverage on DouYu International in a research note on Monday, August 12th. They issued a “buy” rating on the stock. JPMorgan Chase & Co. began coverage on DouYu International in a research note on Tuesday, August 27th. They issued an “overweight” rating on the stock. HSBC began coverage on DouYu International in a research note on Monday, September 16th. They issued a “hold” rating on the stock. Finally, 86 Research raised DouYu International to a “buy” rating and set a $12.00 target price on the stock in a research note on Tuesday, September 3rd. One 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. The company has a consensus rating of “Buy” and an average target price of $10.75.

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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