Newsletter: Two quarterly results over expectations

Beijing time August 7 Morning News, gathered time (NASDAQ:YY) today released the end of the 2014 fiscal year as at June 30, the second quarter earnings. The report showed that net revenue for the second quarter of the gathering period was 841 million yuan (about 135.6 million U.S. dollars), a 105.6% increase from 409 million yuan in the same period last year, and a net profit of 221.9 million yuan (about 35.8 million USD), 92.8 million yuan grew by 139% over the same period last year.

According to Yahoo's financial data, 6 of Wall Street analysts on average expect to be out of 0.59 dollars per share of US depository Receipts (ADS) in the second quarter of the gathering, not according to the US General Accounting Standards (NON-GAAP). Earnings showed that the second quarter of the gathering, ads diluted earnings per share of 0.70 U.S. dollars, more than analysts expected.

Also, on average, 6 Wall Street analysts expect total revenue to reach $121.9 million in the second quarter.　Earnings showed a net revenue of 135.6 million dollars in the second quarter of the gathering, exceeding analysts ' expectations. (Tangfeng)