LY (OTCMKTS:YAHOY) Releases Earnings Results

LY (OTCMKTS:YAHOY) announced its earnings results on Wednesday. The technology company reported $0.05 earnings per share (EPS) for the quarter, Zacks reports. LY had a return on equity of 6.38% and a net margin of 10.35%.The business had revenue of $3.25 billion for the quarter.

LY Stock Performance

LY stock traded up $0.29 during mid-day trading on Friday, reaching $5.40. The company’s stock had a trading volume of 104,555 shares, compared to its average volume of 326,359. LY has a 12 month low of $4.82 and a 12 month high of $8.41. The business’s 50 day simple moving average is $5.22 and its 200 day simple moving average is $5.90. The company has a market capitalization of $18.57 billion, a price-to-earnings ratio of 14.20 and a beta of 0.87.

LY Company Profile

LY Corporation engages in the online advertising and e-commerce businesses in Japan. The company provides LINE, a communication app; and Yahoo! JAPAN, an internet service that offers search, news, weather, shopping, auction, and other services. It also offers reuse, membership, and payment-related services. The company was formerly known as Z Holdings Corporation and changed its name to LY Corporation in October 2023. LY Corporation was founded in 1996 and is headquartered in Chiyoda, Japan. LY Corporation operates as a subsidiary of A Holdings Corporation.