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Tencent Stock: Bear vs. Bull

TheMotleyFool

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Tencent Stock: Bear vs. Bull: https://g.foolcdn.com/editorial/images/744801/umbrella-shanghai.jpg

Tencent (OTC: TCEHY) posted its second-quarter report on Aug. 16. The Chinese tech giant's revenue rose 11% year over year to 149.2 billion yuan ($20.6 billion) but missed analysts' estimates by 2.5 billion yuan. Its net profit grew 41% to 26.2 billion yuan ($3.6 billion), but also missed the consensus forecast by 7.3 billion yuan. Tencent's stock dipped slightly after the report, but it remains up 3% for the year.

Let's review the key numbers and see if the bulls or bears are likely to gain the upper hand in the period ahead.

Image source: Getty Images.

Source Fool.com