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Should investors be excited or worried when a stock crosses above the 20-day simple moving average?
Tencent Music reported an impressive surge in profitability in Q4. However, investors sold the stock Tuesday after a massive run-up in the past four months.
Tencent Music Entertainment Group (NYSE:TME ) Q4 2022 Earnings Conference Call March 21, 2023 7:00 AM ET Company Participants Cussion Pang - Executive Chairman Ross Liang - Chief Executive Officer Tony Yip - Chief Scientific Officer Shirley Hu - Chief Financial Officer Conference Call Participants Alicia Yap - Citigroup Alex Poon - Morgan Stanley Lincoln Kong - Goldman Sachs Lei Zhang - Bank of America Securities Wei Xiong - UBS Xueqing Zhang - CICC Thomas Chong - Jefferies Charlene Liu - HSBC Tony Yip Good evening and good morning. Welcome to Tencent Music Entertainment Group's Fourth Quarter and Full Year 2022 Earnings Webinar.
Tencent Music Entertainment Group beat quarterly revenue estimates on Tuesday, helped by continued growth in paying users and a recovery in advertising.
Earnings preview: Tencent Music Entertainment looks to build on strong 52-week trend with 4Q results
Tencent Music Entertainment is scheduled to announce its fourth quarter earnings before the bell on Tuesday, and investors will be watching for whether shares will continue their positive year-over-year trend. Analysts expect the Chinese firm to report revenue of US$1.07 billion and earnings per share of $0.13 for the three months ended December 31.
SHENZHEN, China , Feb. 20, 2023 /PRNewswire/ -- Tencent Music Entertainment Group ("TME", or the "Company") (NYSE: TME and HKEX: 1698), the leading online music and audio entertainment platform in China, today announced that it will report its unaudited financial results for the fourth quarter and full year of 2022 before the U.S. market opens on Tuesday, March 21, 2023. TME's management will host a Tencent Meeting Webinar on Tuesday, March 21, 2023, at 7:00 A.M.
TME vs. SSTK: Which Stock Is the Better Value Option?
DB, SLF, TME, EPC and IFS have been added to the Zacks Rank #1 (Strong Buy) List on February 9, 2022.
DLAKY, UBS, SNY, EVR and TME have been added to the Zacks Rank #1 (Strong Buy) List on February 7, 2022.
TME vs. SSTK: Which Stock Is the Better Value Option?