Benzinga | Nov 9, 2021 11:08AM EST

Tencent Music Q3 Adj. EPS $0.09 Beats $0.07 Estimate, Sales $1.21B Miss $1.23B Estimate

Tencent Music (NYSE:TME) reported quarterly earnings of $0.09 per share which beat the analyst consensus estimate of $0.07 by 28.57 percent. This is a 25 percent decrease over earnings of $0.12 per share from the same period last year. The company reported quarterly sales of $1.21 billion which missed the analyst consensus estimate of $1.23 billion by 1.54 percent. This is a 8.51 percent increase over sales of $1.12 billion the same period last year.