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NetEase Earnings Fall Short of Expectations, Revenue Surpasses Forecasts

NetEase (NASDAQ: NTES) reported first quarter earnings of ¥2.32, missing analyst estimates of ¥8.68 by ¥6.36. Revenue for the quarter came in at ¥25B, topping the consensus estimate of ¥24.97B. The stock price closed at ¥83.49, up 6.17% in the last 3 months and down -17.74% in the last 12 months.

NetEase’s Financial Health score is “great performance” according to InvestingPro. The company saw 1 positive EPS revisions and 2 negative EPS revisions in the last 90 days.

Investors can stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar. They can also check out NetEase’s recent earnings performance and financials here.