YY's Q4 Beat Not Good Enough

YY Inc (ADR) YY shares are trading lower by $1.00 at $47.80 in Tuesday's session.

Before the open, one of the leading online social entertainment platforms in China announced a Q4 EPS beat of $0.37 along with a $5.8 million beat for sales.

The solid beat instigated a much higher open, which peaked early in the first minute of the session at $51.84. That marks the highest level for the issue since October 31, when it topped out at $53.05.

The ensuing decline has taken YY's stock beyond Monday's low of $47.08. If the decline continues, there may some support in the issue at the trio of lows from $45.27 to $45.34 on March 8, 9 and 10.