NetEase announced earnings per share of ¥1.61 on revenue of ¥3.4B. Analysts polled by Investing.com anticipated EPS of ¥7.61 on revenue of ¥24.51B.
NetEase shares are down 29.92% from the beginning of the year, still down 39.65% from its 52 week high of ¥118.19 set on November 22, 2021.
NetEase’s report follows an earnings missed by Alphabet C on October 25, who reported EPS of ¥1.06 on revenue of ¥69.09B, compared to forecasts EPS of ¥1.26 on revenue of ¥71B.
Tencent ADR had beat expectations on Tuesday with third quarter EPS of ¥0.4669 on revenue of ¥19.79B, compared to forecast for EPS of ¥0.4463 on revenue of ¥20.14B.
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