4 Key Takeaways From Tencent's First Quarter

newsfeedback@fool.com (Leo Sun), The Motley Fool
Sun, 05/20/2018 - 3:24pm

Tencent (NASDAQOTH: TCEHY) had plenty to prove during the first quarter, since its fourth-quarter report in March raised serious concerns about runaway spending and contracting margins. Yet the Chinese tech giant allayed those fears when it revealed its first-quarter numbers on May 16.Tencent's total revenue rose 48% annually to 73.5 billion yuan ($11.7 billion), easily beating the consensus estimate of 70.8 billion yuan.

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Topics:  nasdaqoth   tcehy    march   chinese   may 16.tencent   tencent   quarter   billion   yuan   annually   easily   estimate   consensus   

 

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