Internet and online game services provider NetEase (NTES) has posted mixed results for the second quarter of 2021. Shares of the company gained 3.2%, at the time of writing, in Tuesday’s pre-market trade. Revenues came in at RMB20.5 billion ($3.2 billion), up 12.9% from the year-ago quarter. The revenues matched the Street's expectations. The upside can be attributed to a 107.5% rise in Youdao revenues. Revenues from online game services grew 5.1% to RMB14.5 billion ($2.3 billion). The company reported adjusted earnings per ADS of RMB6.24 ($0.97), surpassing analysts’ expectations of RMB5.87 ($0.91). Earnings, however, declined 21.6% from the year-ago quarter.
https://www.tipranks.com/news/netease-posts-mixed-q2-results-stock-gains-3-2?utm_source=advfn.com&utm_medium=referral
NetEase (NASDAQ:NTES)
Historical Stock Chart
From May 2022 to Jun 2022 Click Here for more NetEase Charts.
NetEase (NASDAQ:NTES)
Historical Stock Chart
From Jun 2021 to Jun 2022 Click Here for more NetEase Charts.