NetEase Earnings Beat, Revenue Misses In Q2
2022.08.18 13:38
NetEase Earnings Beat, Revenue Misses In Q2
Investing.com – NetEase (NASDAQ:NTES) reported on Thursday second quarter earnings that beat analysts’ forecasts and revenue that fell short of expectations.
NetEase announced earnings per share of 8.18 on revenue of 23.16B. Analysts polled by Investing.com anticipated EPS of 7.24 on revenue of 23.29B.
NetEase shares are down 10.02% from the beginning of the year, still down 22.51% from its 52 week high of 118.19 set on November 22, 2021. They are outperforming the Nasdaq 100 which is down 17.46% from the start of the year.
NetEase follows other major Communication Services sector earnings this month
NetEase’s report follows an earnings missed by Alphabet C on July 26, who reported EPS of 1.21 on revenue of 69.69B, compared to forecasts EPS of 1.27 on revenue of 69.8B.
Meta Platforms had missed expectations on July 27 with second quarter EPS of 2.46 on revenue of 28.82B, compared to forecast for EPS of 2.54 on revenue of 28.91B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
