Tencent Music Enter Gr Q2 Adj EPADS $0.11 Misses $0.14 Estimate, Sales $1.00B Miss $1.03B Estimate
Portfolio Pulse from Benzinga Newsdesk
Tencent Music Enter Gr (NYSE:TME) reported Q2 earnings of $0.11 per share, missing the analyst consensus estimate of $0.14 by 21.43%. The company also reported quarterly sales of $1.00 billion, missing the analyst consensus estimate of $1.03 billion by 2.33%. This represents a 22.22% increase in earnings but a 2.52% decrease in sales compared to the same period last year.
August 15, 2023 | 9:03 am
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NEGATIVE IMPACT
Tencent Music's Q2 earnings and sales missed analyst estimates. This could potentially lead to a short-term negative impact on the stock price.
Tencent Music's earnings and sales for Q2 have both missed analyst estimates. This underperformance could lead to a decrease in investor confidence, potentially causing a short-term drop in the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100