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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 /quotes/zigman/126936440/composite TME -3.11% 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 /quotes/zigman/3870025/realtime SPX +0.88% rising 13%.

/quotes/zigman/126936440/composite
US : U.S.: NYSE
$ 17.42
-0.56 -3.11%
Volume: 4.50M
April 23, 2019 4:02p
P/E Ratio
101.81
Dividend Yield
N/A
Market Cap
$29.41 billion
Rev. per Employee
$1.19M
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/quotes/zigman/3870025/realtime
US : S&P Base CME
2,933.68
+25.71 +0.88%
Volume: 2.17B
April 23, 2019 4:59p
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