Is Tencent Holdings Stock a Buy Now?

Is Tencent Holdings Stock a Buy Now?
·4 min read

Tencent Holdings (OTC: TCEHY) posted its first-quarter earnings report on May 18. The Chinese tech giant generated 135.5 billion yuan ($21.3 billion) in revenue, which stayed nearly flat from a year ago and missed analysts' estimates by 5.5 billion yuan. Tencent's net profit declined 51% to 23.4 billion yuan ($3.7 billion), which also missed analysts' expectations by 5.1 billion yuan.