NEW YORK (TheStreet) -- Shares of YY (YY - Get Report) were gaining 1.5% to $81 after-hours Tuesday after the Chinese Internet company beat analysts' estimates for earnings and revenue in the third quarter.

The company reported earnings of 87 cents a share (RMB 5.37), beating analysts' estimates of 76 cents a share for the third quarter. Revenue grew 105.3% year over year to $163 million (RMB 1 billion) for the quarter, beating analysts' estimates of $152.54 million.

YY said it expects to report analysts' estimates of $177.6 million to $179.7 million (RMB 1.08 billion to RMB 1.1 billion) for the fourth quarter, which represents year over year growth of 76% to 80%.

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TheStreet Ratings team rates YY INC -ADR as a Hold with a ratings score of C. TheStreet Ratings Team has this to say about their recommendation:

"We rate YY INC -ADR (YY) a HOLD. The primary factors that have impacted our rating are mixed -- some indicating strength, some showing weaknesses, with little evidence to justify the expectation of either a positive or negative performance for this stock relative to most other stocks. The company's strengths can be seen in multiple areas, such as its robust revenue growth, notable return on equity and impressive record of earnings per share growth. However, as a counter to these strengths, we find that the company has favored debt over equity in the management of its balance sheet."

You can view the full analysis from the report here: YY Ratings Report

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