Tencent Music Enter Gr Q4 Adj EPADS $0.14, Inline, Sales $971.00M Beat $931.97M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tencent Music Entertainment Group (TME) reported Q4 adjusted EPS of $0.14, meeting consensus estimates, and sales of $971M, beating estimates of $931.97M. This represents a 7.69% increase in EPS and a 9.84% decrease in sales year-over-year.
March 19, 2024 | 9:08 am
News sentiment analysis
Sort by:
Descending
POSITIVE IMPACT
Tencent Music reported Q4 adjusted EPS of $0.14, in line with estimates, and sales of $971M, surpassing the $931.97M estimate. EPS increased by 7.69% YoY, while sales decreased by 9.84%.
Meeting EPS estimates and exceeding sales forecasts typically have a positive short-term impact on a company's stock price. The increase in EPS year-over-year indicates improved profitability, which is positive for investors. However, the decrease in sales year-over-year might raise concerns about growth, potentially moderating the positive impact.
CONFIDENCE 90
IMPORTANCE 90
RELEVANCE 100