Microsoft strongly encourages users to switch to a different browser than Internet Explorer as it no longer meets modern web and security standards. Therefore we cannot guarantee that our site fully works in Internet Explorer. You can use Chrome or Firefox instead.

3 Red Flags for Tencent's Future

TheMotleyFool

0 0

3 Red Flags for Tencent's Future: https://g.foolcdn.com/editorial/images/697045/gamer-streaming.jpg

Tencent (OTC: TCEHY) posted its second-quarter earnings report on Aug. 17. The Chinese tech giant's revenue dipped 3% year over year to 134 billion yuan ($20 billion), which missed analysts' expectations by 570 million yuan and was its first revenue decline since its IPO in 2004.

Its net profit fell 56% to 18.6 billion yuan ($2.8 billion), which missed analysts' estimates by 6.7 billion yuan. On an adjusted basis, which excludes its investments and other one-time items, its net profit declined 17% to 28.1 billion yuan ($4.2 billion). Those headline numbers were weak, but a closer look reveals three other bright red flags for its future.

Image source: Getty Images.

Source Fool.com

Like: 0

TCEHY

Share