The three major futures fell across the board, the Dow futures fell 0.5%, the Nasdaq futures fell 1.06%, and the S&P 500 futures fell 0.72%.
Pre-market quotations of individual stocks
Tencent ADR fell more than 2% before the market, adjusted in the first quarternet profit25.5 billion yuan, a year-on-year decrease of 23%.
May 18,Tencent HoldingsThe first quarter 2022 financial report was released. According to the financial report, in the first quarter of 2022, Tencent achieved revenue of 135.471 billion yuan, flat year-on-year; net profit (Non-IFRS) was 25.545 billion yuan, down 23% year-on-year, declining for three consecutive quarters. The financial report shows that in the first quarter, Tencent’s financial technology and enterprise services segment achieved revenue of 42.768 billion yuan, a year-on-year increase of 10%. The digital real economy segment has further strengthened the “growth engine” label.
TencentperformanceInterpretation:
What happened to the trillion Tencent?Net profit has declined year-on-year for 3 consecutive quarters, the latest revenue has just flattened, and the real economy has become the pillar of development
Tencent’s revenue and net profit in the first quarter were lower than expected, and its stock price has fallen by 17% during the year
ToC’s WeChat was liked, but ToB business increased even more Tencent’s revenue structure continued to adjust
Tencent slows down and shifts gears: Net profit has negative growth for three consecutive quarters, To B business has taken up the banner of growth
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(Article source: Hafusecurities）