Benzinga | May 17, 2021 04:08PM EDT

Tencent Music Q1 EPS $0.08 Misses $0.09 Estimate, Sales $1.19B Miss $1.20B Estimate

Tencent Music (NYSE:TME) reported quarterly earnings of $0.08 per share which missed the analyst consensus estimate of $0.09 by 11.11 percent. This is a 11.11 percent decrease over earnings of $0.09 per share from the same period last year. The company reported quarterly sales of $1.19 billion which missed the analyst consensus estimate of $1.20 billion by 0.50 percent. This is a 34.01 percent increase over sales of $891.00 million the same period last year.