What's Up With Tencent Music's Stock Hitting Another New 52-Week Low Today?

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What's Up With Tencent Music's Stock Hitting Another New 52-Week Low Today?

Benzinga2021-08-17

Tencent Music Entertainment Group – ADR (NYSE:TME) shares are trading lower by 12.3% at $7.82 Tuesday morning after the company reported worse-than-expected second-quarter sales results. Tencent Music...

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XiaoMing95
·2021-08-20
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MATRIXTAY99
·2021-08-18
Such demonstration of full compliances and regrets is exactly how a responsible tech giant is expected to respond by the authority, society and investors. The company will definitely emerged stronger from this episode. Ready for the next take off!
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The company also reported quarterly sales of $1.24 billion which missed the analyst consensus estimate of $1.26 billion.\n\"We would like to reiterate that TME sincerely accepts the decision issued in July by the regulator pertaining to exclusive music licensing arrangements. We are committed to fully complying with all requirements in a timely manner. While we expect some impact to our business operations as a result of this decision, we remain steadfast in our ongoing goals of fostering innovation, fulfilling our social responsibilities, providing users with better services and promoting the long-term, healthy development of the digital music industry,\" said Mr. Cussion Pang, Executive Chairman of Tencent Music.\nTencent Music Entertainment Group is an online music entertainment platform in China. Its platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data.\nTencent Music Entertainment Group has a 52-week high of $32.25 and a 52-week low of $7.63.","news_type":1,"symbols_score_info":{"TME":1,"00700":1,"TCEHY":0.6,"NGD":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":833822635,"gmtCreate":1629217988727,"gmtModify":1676529971057,"author":{"id":"3568958827641736","authorId":"3568958827641736","name":"MATRIXTAY99","avatar":"https://static.tigerbbs.com/ab7901224dae33cb86d800e2ab493489","vip":1,"crmLevel":12,"crmLevelSwitch":0,"wearingBadges":[{"badgeId":"1026c425416b44e0aac28c11a0848493-4","name":"Tiger Star","description":"Join the tiger community for 2000 days","smallImgUrl":"https://static.tigerbbs.com/53d58ad32c97254c6f74db8b97e6ec49","bigImgUrl":"https://static.tigerbbs.com/dddf24b906c7011de2617d4fb3f76987","isScarce":0,"effectEnabled":0,"redirectLinkEnabled":0,"redirectLinkValidityFrom":0,"redirectLinkValidityTo":9223372036854776000}],"idStr":"3568958827641736","authorIdStr":"3568958827641736"},"htmlText":"Such demonstration of full compliances and regrets is exactly how a responsible&nbsp;tech giant is expected to respond by the&nbsp; authority, society and investors. 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Ready for the next take off!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/833822635","repostId":2160074922,"repostType":2,"repost":{"id":"2160074922","kind":"highlight","weMediaInfo":{"introduction":"Stock Market Quotes, Business News, Financial News, Trading Ideas, and Stock Research by Professionals","home_visible":0,"media_name":"Benzinga","id":"1052270027","head_image":"https://static.tigerbbs.com/d08bf7808052c0ca9deb4e944cae32aa"},"pubTimestamp":1629214907,"share":"https://ttm.financial/m/news/2160074922?lang=en_US&edition=fundamental","pubTime":"2021-08-17 23:41","market":"us","language":"en","title":"What's Up With Tencent Music's Stock Hitting Another New 52-Week Low Today?","url":"https://stock-news.laohu8.com/highlight/detail?id=2160074922","media":"Benzinga","summary":"Tencent Music Entertainment Group – ADR (NYSE: TME) shares are trading lower by 12.3% at $7.82 Tuesday morning after the company reported worse-than-expected second-quarter sales results.","content":"<div>\n<p>Tencent Music Entertainment Group – ADR (NYSE:TME) shares are trading lower by 12.3% at $7.82 Tuesday morning after the company reported worse-than-expected second-quarter sales results.\nTencent Music...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/08/22538071/whats-up-with-tencent-musics-stock-hitting-another-new-52-week-low-today\">Source Link</a>\n\n</div>\n","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; 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overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWhat's Up With Tencent Music's Stock Hitting Another New 52-Week Low Today?\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-08-17 23:41 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.benzinga.com/news/earnings/21/08/22538071/whats-up-with-tencent-musics-stock-hitting-another-new-52-week-low-today><strong>Benzinga</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>Tencent Music Entertainment Group – ADR (NYSE:TME) shares are trading lower by 12.3% at $7.82 Tuesday morning after the company reported worse-than-expected second-quarter sales results.\nTencent Music...</p>\n\n<a href=\"https://www.benzinga.com/news/earnings/21/08/22538071/whats-up-with-tencent-musics-stock-hitting-another-new-52-week-low-today\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{"TME":"腾讯音乐","NGD":"New Gold","00700":"腾讯控股","TCEHY":"腾讯控股ADR"},"source_url":"https://www.benzinga.com/news/earnings/21/08/22538071/whats-up-with-tencent-musics-stock-hitting-another-new-52-week-low-today","is_english":true,"share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","article_id":"2160074922","content_text":"Tencent Music Entertainment Group – ADR (NYSE:TME) shares are trading lower by 12.3% at $7.82 Tuesday morning after the company reported worse-than-expected second-quarter sales results.\nTencent Music Entertainment Group reported quarterly earnings of 10 cents per share which met the analyst consensus estimate. The company also reported quarterly sales of $1.24 billion which missed the analyst consensus estimate of $1.26 billion.\n\"We would like to reiterate that TME sincerely accepts the decision issued in July by the regulator pertaining to exclusive music licensing arrangements. We are committed to fully complying with all requirements in a timely manner. While we expect some impact to our business operations as a result of this decision, we remain steadfast in our ongoing goals of fostering innovation, fulfilling our social responsibilities, providing users with better services and promoting the long-term, healthy development of the digital music industry,\" said Mr. Cussion Pang, Executive Chairman of Tencent Music.\nTencent Music Entertainment Group is an online music entertainment platform in China. Its platform comprises online music, online karaoke and music-centric live streaming services, supported by content offerings, technology and data.\nTencent Music Entertainment Group has a 52-week high of $32.25 and a 52-week low of $7.63.","news_type":1,"symbols_score_info":{"TME":1,"00700":1,"TCEHY":0.6,"NGD":1}},"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"}],"hasMoreComments":false,"newsSizeData":{"likeSize":11,"commentSize":2,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"isCrawlerRequest":true}