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HUYA and Home Depot Surpass Estimates, Unveil Share Buyback Programs

  • August 15th, 2023
  • 286 views

HUYA Inc. (NYSE: HUYA), a leading game live streaming platform in China, posted second-quarter 2023 adjusted earnings per American depositary share (ADS) of $0.06, surpassing the consensus estimate of $0.01. The company's quarterly sales amounted to $251.20 million, exceeding analysts' forecasted revenue of $288.24 million for the period.

Additionally, HUYA's board of directors approved a share repurchase program, enabling the company to potentially repurchase up to US$100 million of its ADSs or ordinary shares within the next 12 months.

$HUYA was trading at $2.87 in pre-market, up $0.18 (+6.69%).

In other news, The Home Depot, Inc. (NYSE: HD), a leading home improvement retailer, reported Q2 fiscal 2023 earnings of $4.65 per share, surpassing the consensus EPS estimate of $4.46. The company revealed quarterly sales of $42.92 billion, outpacing analysts' projections of $42.25 billion in revenue for the period. 

Moreover, the board of directors has greenlit a new $15 billion share buyback program, effective August 15, 2023, replacing the previous authorization.

In pre-market, $HD was trading at $329.21, reflecting a slight decrease of $0.74 (-0.22%).

 

THIS IS NOT A RECOMMENDATION TO BUY OR SELL ANY SECURITY OR DIGITAL ASSET. Please consult with a professional investment advisor before purchasing or selling any securities viewed on or mentioned herein. (Read Full Disclaimer)

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