Market Overview

Tencent Holdings: Q2 Earnings Insights

Share:

Shares of Tencent Holdings (OTC:TCEHY) remained unaffected after the company reported Q2 results.

Quarterly Results

Earnings per share were up 25.71% year over year to $0.44, which missed the estimate of $2.72.

Revenue of $16,228,000,000 rose by 30.50% year over year, which missed the estimate of $109,340,000,000.

Looking Ahead

Earnings guidance hasn't been issued by the company for now.

Tencent Holdings hasn't issued any revenue guidance for the time being.

Price Action

Company's 52-week high was at $72.95

52-week low: $45.10

Price action over last quarter: Up 21.43%

Company Description

Tencent is a Chinese Internet giant with businesses and investments in a wide variety of Internet services and contents. Major services include communication and social networking (Weixin/WeChat and QQ), online PC and mobile games, content (news, videos, music, comics, and literature), utilities (email, app store, mobile security, and mobile browser), the cloud, and financial technology. Tenpay in Weixin/WeChat and QQ is a payment solution that enables closed-loop transactions in Tencent's ecosystems and has been adopted by many third-party partners and offline merchants. Tencent has an aggregate monthly active user base of over 600 million for QQ and 1.2 billion for Weixin/WeChat.

 

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Posted-In: Earnings News