Benzinga | Nov 10, 2020 04:44PM EST

Tencent Music Q3 EPS $0.12 Beats $0.11 Estimate, Sales $1.12B Miss $1.13B Estimate

Tencent Music (NYSE:TME) reported quarterly earnings of $0.12 per share which beat the analyst consensus estimate of $0.11 by 9.09 percent. This is a 20 percent increase over earnings of $0.10 per share from the same period last year. The company reported quarterly sales of $1.12 billion which missed the analyst consensus estimate of $1.13 billion by 1.24 percent. This is a 22.64 percent increase over sales of $910.00 million the same period last year.