Scalper1 News
Tencent Holdings reported better-than-expected first-quarter earnings Wednesday, with the Chinese Internet giant’s online advertising revenue more than doubling on mobile ads. Earnings per share minus items of 12 cents beat analyst forecasts by a penny, as polled by Thomson Reuters. Net profit rose 7%, a slowdown from Q4’s 50% jump. Revenue of $3.61 billion was up 22% in local currency and topped the consensus estimate of $3.56 Scalper1 News
Scalper1 News