Kuke Music Holding Ltd ADR up 5.74% at $1.29 after earnings

0

Kuke Music Holding Ltd ADR (KUKE) said ahead of Friday’s opening that it earned $0.09 per share in the second quarter of 2022. The company reported earnings on an adjusted basis, so it may not be directly comparable to analysts’ estimates or prior periods. The company reported revenue of $8.1 million

In the same quarter a year ago, the company earned $0.1 a share on revenue of $13 million.

The stock is up 5.74% at $1.29 after the report.

Kuke Music Holding Ltd ADR revenues declined at a faster rate than profits.

InvestorsObserver gives the stock a bearish sentiment score at the moment based on recent trading.

Kuke Music Holding Ltd ADR has performed poorly over the past few months, earning a low long-term technical ranking by InvestorsObserver out of 3, placing Kuke Music Holding Ltd ADR in the bottom 25% of stocks. The company was recently trading at a 52-week low of $1.16 on August 12, 2022 and set a 52-week high on August 31, 2021 at $6.59.

Kuke Music Holding Ltd provides classical music licensing, subscription and education services in China. The Company licenses its music content primarily to online music entertainment platforms, such as Tencent Music Entertainment Group, digital music service providers, such as NetEase Cloud Music, as well as film production companies and television, airlines and smart hardware companies. Users can access the platform through the website, mobile app, and smart music devices.

Share.

Comments are closed.