Investing.com - Yalla reported on Monday third quarter earnings that matched analysts' forecasts and revenue that topped expectations.
Yalla announced earnings per share of $0.17 on revenue of $80.1M. Analysts polled by Investing.com anticipated EPS of $0.17 on revenue of $73.05M.
Yalla shares are down 30% from the beginning of the year, still down 60.67% from its 52 week high of $10.40 set on November 15, 2021.
Yalla follows other major Communication Services sector earnings this month
Yalla's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.26 on revenue of $71B.
Meta Platforms had missed expectations on October 26 with third quarter EPS of $1.64 on revenue of $27.71B, compared to forecast for EPS of $1.9 on revenue of $27.44B.
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