Tencent Music Enter Gr Q2 EPS $0.16, Inline, Sales $985.00M Miss $996.68M Estimate
Portfolio Pulse from Benzinga Newsdesk
Tencent Music Entertainment Group reported Q2 earnings per share (EPS) of $0.16, which was in line with expectations. However, the company's sales of $985.00 million missed the estimated $996.68 million.
August 13, 2024 | 9:03 am
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Tencent Music Entertainment Group reported Q2 EPS of $0.16, meeting expectations, but missed sales estimates with $985.00 million compared to the expected $996.68 million.
While the EPS met expectations, the miss on sales could indicate potential issues in revenue generation, which may negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100