Tencent Music, Intuitive Machines, Sea Limited: Trending tickers

Tencent Music Entertainment Group (TME) reported a smaller revenue loss than expected in the second quarter. The results got a boost from an increase in paid subscribers for its music streaming platform.

Intuitive Machines (LUNR) posted second quarter results which revealed it missed expectations for sales, although it raised the lower end of its full-year guidance

Sea Limited (SE) stock is rising after the company posted its second quarter results which revealed it beat revenue expectations but fell short of adjusted earnings per share estimates. The report also revealed the company saw a 40% increase in gross e-commerce orders compared to last year.

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This post was written by Nicholas Jacobino

Note: This video and post were updated to reflect Tencent Music Entertainment Group reported results.

Video Transcript

Welcome back.

You're watching The morning brief brought to you by Invesco.

We're taking a closer look at Yahoo Finance's trending tickers right now.

10 cents intuitive machines and C Limited CE a limited.

We're doing it in 30 seconds each or our best effort.

Let's go.

10 cent shares are ticking higher after a smaller than expected fall in its quarterly revenue, thanks to a rise in paying subscribers on its music streaming platforms they to I'm gonna look at the move here.

Right now we're up by about 1%.

But, uh, let's take a look at that longer term chart here for 10 cent, of course, as we're continuing to keep a close tab on how this company is moving year to date, it was having a rough first quarter but ultimately has rebounded and moved to the upside by about 30%.

Just shy of that.

So we'll see how they're able to continue to build on that shareholder value.

All right, let's take a look at intuitive machine share are sliding this morning.

The space exploration company sales for second quarter missed the street's expectations.

We're now actually looking at losses of only about 8/10 of a percent had been down more than 2% not too long ago.

Now, despite the miss though intuitive machines raising the lower end of its full year guidance also reporting a surprise profit.

And and I was just reading, uh, briefly here about why maybe we aren't seeing a more optimistic reaction to that surprise profit.

It seems like consensus is that more of the focus is on sales at this point.

Also, once you dig down into that profit, it takes into account that intuitive operating loss in the quarter still amounted to 28.2 million, which is higher than the 9 million loss that analysts had been expecting.

So a bit of a disappointment there.

All right, I'm so glad that I got C limited here to talk about C shares surging after the consumer Internet company beating revenue expectations and it second quarter.

But it's EPS falling short of the streets.

Estimates here Wow shares moving higher by about 7%.

As of right now, some of the highlights here Overall, you did see gross orders in their E commerce business total $2.5 billion for the quarter that increased by 40% a little more than 40% year over year.

Uh, and then their entertainment side of the business bookings were up 21% year over year.

All right, we did it almost in 30 seconds each me dead.