NetEase Earnings, Revenue Beat in Q1

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NetEase announced earnings per share of 32.17 on revenue of 17.06B. Analysts polled by anticipated EPS of 28.04 on revenue of 15.74B. That with comparison to EPS of 23.34 on revenue of 18.36B in the same period a year before. NetEase had reported EPS of 28.03 on revenue of 15.73B in the previous quarter. Analysts are expecting EPS of 29.27 and revenue of 16.43B in the upcoming quarter.

NetEase shares are up 29% from the beginning of the year , still down 0.99% from its 52 week high of 399.63 set on May 19. They are outperforming the Nasdaq 100 which is up 5.64% year to date.

NetEase’s report follows an earnings beat by Microsoft on April 29, who reported EPS of 1.4 on revenue of 35.02B, compared to forecasts EPS of 1.27 on revenue of 33.66B.

Apple had beat expectations on April 30 with second quarter EPS of 2.55 on revenue of 58.31B, compared to forecast for EPS of 2.24 on revenue of 54.78B.

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