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Why DouYu Stock Popped This Morning

TheMotleyFool

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Shares of Chinese video game live-streaming company DouYu International Holdings (NASDAQ: DOYU) blasted off early on Tuesday morning, after the company announced earnings for the first quarter of 2020. As of 11:15 a.m. EDT today, the stock was trading 16% higher.

DouYu beat Wall Street's expectations on both the top and bottom lines, providing fuel for today's rally. But the stock is still down year to date and over the past year.