Tencent Holdings Third Quarter 2023 Earnings: EPS Beats Expectations

Simply Wall St.2023-11-17

Tencent Holdings (HKG:700) Third Quarter 2023 ResultsKey Financial Results Revenue: CN¥154.6b (up 10% from 3Q 2022). Net income: CN¥36.2b (down 9.4% from 3Q 2022). Profit margin: 23% (down from 28% in...

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Net income: CN¥36.2b (down 9.4% from 3Q 2022). Profit margin: 23% (down from 28% in...</p>\n\n<a href=\"https://simplywall.st/stocks/hk/media/hkg-700/tencent-holdings-shares/news/tencent-holdings-third-quarter-2023-earnings-eps-beats-expec\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"00700","symbol_name":"腾讯控股","start_time":0,"source_url":"https://simplywall.st/stocks/hk/media/hkg-700/tencent-holdings-shares/news/tencent-holdings-third-quarter-2023-earnings-eps-beats-expec","article_id":"2384805881","we_media_id":null,"thumbnails":["https://images.simplywall.st/asset/company-cover/11042136-main-header/1585187609049"],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2384805881","pubTimestamp":1700172289,"sourceInfo":{"source_id":"simplywall_highlight","name":"Simply Wall St."},"weMediaInfo":null,"summary":"Tencent Holdings ( HKG:700 ) Third Quarter 2023 Results Key Financial Results Revenue: CN¥154.6b (up 10% from 3Q 2022...","collect":0,"end_time":0,"defaultTopTitle":"simplywall.st","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"00700":"腾讯控股"},"translate_title":"腾讯控股控股2023年第三季度收益：每股收益超出预期","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00700":1},"content_text":"Tencent Holdings (HKG:700) Third Quarter 2023 ResultsKey Financial Results Revenue: CN¥154.6b (up 10% from 3Q 2022). Net income: CN¥36.2b (down 9.4% from 3Q 2022). Profit margin: 23% (down from 28% in 3Q 2022). EPS: CN¥3.83 (down from CN¥4.19 in 3Q 2022).  SEHK:700 Earnings and Revenue Growth November 16th 2023 All figures shown in the chart above are for the trailing 12 month (TTM) period Tencent Holdings EPS Beats Expectations  Revenue was in line with analyst estimates.  Earnings per share (EPS) surpassed analyst estimates by 3.1%.      Looking ahead, revenue is forecast to grow 9.8% p.a. on average during the next 3 years, compared to a 10% growth forecast for the Interactive Media and Services industry in Asia.    Performance of the market in Hong Kong.  The company's shares are up 5.9% from a week ago.   Valuation Our analysis of Tencent Holdings based on 6 different valuation metrics shows it might be undervalued.   Click here to view our comprehensive analysis and gain insights into the stock's investment prospects. Valuation is complex, but we're helping make it simple.Find out whether Tencent Holdings is potentially over or undervalued by checking out our comprehensive analysis, which includes fair value estimates, risks and warnings, dividends, insider transactions and financial health.View the Free AnalysisHave feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. 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