Why Tencent Music Stock Was Moving Higher Today
Shares of Tencent Music (NYSE: TME) were gaining today after the Chinese music streaming company posted strong third-quarter earnings and benefited from braoder gains in China stocks.
As of 11:02 a.m. ET, the stock is up 21.7%.
The company topped estimates on both the top and bottom lines, though revenue declined 5.6% to $1.04 billion, which was ahead of expectations at $994.3 million.
Source Fool.com
