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March 19, 2019, 5:33 p.m. EDT

Tencent Music stock falls in first earnings since IPO

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By MarketWatch

Tencent Music Entertainment Group /zigman2/quotes/205527956/composite TME -0.97% shares fell more than 7% in the extended session Tuesday after the company reported its first results since its initial public offering. The Chinese company reported fourth-quarter net losses of $127 million, or 8 cents per American depositary receipt. Adjusted for items such as stock-based compensation, among other items, earnings were 8 cents per depositary receipt. Revenue grew 51% to $785 million. Tencent Music stock has gained 53% in the past three months, with the S&P 500 index /zigman2/quotes/210599714/realtime SPX -0.62% rising 13%.

/zigman2/quotes/205527956/composite
US : U.S.: NYSE
$ 14.36
-0.14 -0.97%
Volume: 5.34M
July 19, 2019 4:01p
P/E Ratio
80.54
Dividend Yield
N/A
Market Cap
$4.41 billion
Rev. per Employee
$1.19M
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/zigman2/quotes/210599714/realtime
US : S&P US
2,976.61
-18.50 -0.62%
Volume: 1.87B
July 19, 2019 5:08p
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