News Formal

Tencent Music meets profit estimates in first earnings report, shares fall

  • 📰 Reuters
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 97%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

China-based music streaming company Tencent Music Entertainment Group on Tuesday...

Tencent Music Entertainment company is seen officially listed on the floor of the New York Stock Exchange in New York, U.S., December 12, 2018. REUTERS/Bryan R Smith

The company’s shares, which have gained about 43 percent since their market debut in December, fell 6.3 percent to $17.36 in extended trading. The company reported a net loss of 875 million yuan for the fourth quarter due to a one-off share-based accounting charge. Tencent Music, in which its Swedish competitor Spotify Technology SA owns a stake, said full-year profit was 1.83 billion yuan.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

Stocks making the biggest moves after hours: FedEx, Tencent Music and moreSee which stocks are posting big moves after the bell on March 19.
Sumber: CNBC - 🏆 12. / 72 Baca lebih lajut »