NetEase Earnings Miss, Revenue Beats In Q3

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NetEase announced earnings per share of 5.74 on revenue of 22.19B. Analysts polled by anticipated EPS of 6.02 on revenue of 21.41B.

NetEase shares are up 16.09% from the beginning of the year, still down 17.23% from its 52 week high of 134.33 set on February 11. They are under-performing the Nasdaq 100 which is up 25.61% from the start of the year.

NetEase’s report follows an earnings beat by Alphabet C on October 26, who reported EPS of 27.99 on revenue of 65.12B, compared to forecasts EPS of 23.83 on revenue of 63.53B.

Alphabet A had beat expectations on October 26 with third quarter EPS of 27.99 on revenue of 65.12B, compared to forecast for EPS of 23.73 on revenue of 63.53B.

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