Why Tencent Holdings Stock Triumphed Today
TENCENT(TCEHY) The Motley Fool·2024-11-15 08:02
On a generally gloomy Thursday for the stock market, Tencent Holdings (TCEHY 3.05%) was something of a standout. On the Chinese company's latest news, investors piled into its shares, leaving them with a more than 3% increase at market close. This compared very favorably to the S&P 500 index's 0.6% dip on the day.A big bottom-line popTencent reported its third-quarter results after market hours on Wednesday, revealing that it managed to grow revenue by 8% year over year in the period to over 167 billion yua ...