NetEase Earnings, Revenue Beat in Q2

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NetEase announced earnings per share of ¥39.82 on revenue of ¥18.18B. Analysts polled by Investing.com anticipated EPS of ¥32.12 on revenue of ¥17.02B.

NetEase shares are up 51.64% from the beginning of the year, still down 7.50% from its 52 week high of ¥502.70 set on July 9. They are outperforming the Nasdaq 100 which is up 28.23% from the start of the year.

NetEase shares lost 2.01% in intra-day trade following the report.

NetEase’s report follows an earnings beat by Apple on July 30, who reported EPS of ¥2.58 on revenue of ¥59.69B, compared to forecasts EPS of ¥2.05 on revenue of ¥52.29B.

Microsoft had beat expectations on July 22 with fourth quarter EPS of ¥1.46 on revenue of ¥38.03B, compared to forecast for EPS of ¥1.34 on revenue of ¥36.54B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar

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