Tencent shares slumped as much as 3.88% on Thursday after the Chinese technology giant missed analyst expectations, despite beating forecast on earnings. Revenue rose 21% year-on-year to 88.82 billion yuan. Profit attributable to shareholders beat analyst forecasts, rising 35% year-on-year to 24.14 billion yuan. The company's gaming division returned to growth, posting revenue of 27.3 billion yuan, up 8% year-on-year, with mobile games performing particularly well.
15 Aug 2019
Arden Tech SoundBytes: Tencent drops after weak guidance, SoftBank makes energy investment, Security software leaks 1m fingerprints
Corero Network Security plc (CNS:LON), 18.5 | Defenx (DFX:LON), 0 | Cloudified Holdings Limited (CHL:LON), 2.2 | Frontier Developments Plc (FDEV:LON), 227 | Gfinity PLC (GFIN:LON), 0.1 | Intercede Group plc (IGP:LON), 192 | NCC Group plc (NCC:LON), 139 | Sophos Group (SOPH:LON), 0 | Team17 Group PLC (TM17:LON), 240 | Bidstack Group Plc (HHRN:BER), 0
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Arden Tech SoundBytes: Tencent drops after weak guidance, SoftBank makes energy investment, Security software leaks 1m fingerprints
Corero Network Security plc (CNS:LON), 18.5 | Defenx (DFX:LON), 0 | Cloudified Holdings Limited (CHL:LON), 2.2 | Frontier Developments Plc (FDEV:LON), 227 | Gfinity PLC (GFIN:LON), 0.1 | Intercede Group plc (IGP:LON), 192 | NCC Group plc (NCC:LON), 139 | Sophos Group (SOPH:LON), 0 | Team17 Group PLC (TM17:LON), 240 | Bidstack Group Plc (HHRN:BER), 0
- Published:
15 Aug 2019 -
Author:
Kartik Swaminathan -
Pages:
4
Tencent shares slumped as much as 3.88% on Thursday after the Chinese technology giant missed analyst expectations, despite beating forecast on earnings. Revenue rose 21% year-on-year to 88.82 billion yuan. Profit attributable to shareholders beat analyst forecasts, rising 35% year-on-year to 24.14 billion yuan. The company's gaming division returned to growth, posting revenue of 27.3 billion yuan, up 8% year-on-year, with mobile games performing particularly well.