NetEase Inc reports results for the quarter - Earnings Summary

Reuters11-15

* NetEase Inc reported quarterly adjusted earnings of $2.33 per share for the quarter , lower than the same quarter last year, when the company reported EPS of CNY2.66. The mean expectation of six analysts for the quarter was for earnings of $2.23 per share. Wall Street expected results to range from $1.72 to CNY2.64 per share.

* Revenue fell 3.9% to $26.21 billion from a year ago; analysts expected CNY27.09 billion.

* NetEase Inc's reported EPS for the quarter was $2.03.

* The company reported quarterly net income of $6.54 billion.

* NetEase Inc shares had fallen by 19.9% this quarter and lost 14.2% so far this year.

FORECAST CHANGES

* The mean earnings estimate of analysts had fallen by about 15.4% in the last three months.

* In the last 30 days, one analyst negatively revised an earnings estimate

RECOMMENDATIONS

* The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 20 "strong buy" or "buy," no "hold" and 1 "sell" or "strong sell."

* The average consensus recommendation for the online services peer group is also "buy"

This summary was machine generated from LSEG data November 14 at 08:54 p.m. UTC. All figures in Chinese yuan renminbi unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com) QUARTER ENDING ESTIMATE ACTUAL BEAT, MET,

MISSED

Sep. 30 2024 2.23 2.33 Beat

Jun. 30 2024 2.43 2.41 Missed

Mar. 31 2024 2.24 2.62 Beat

Dec. 31 2023 2.33 2.27 Missed

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The mean expectation of ...</p>\n\n<a href=\"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"09999","symbol_name":"网易-S","start_time":0,"source_url":"https://api.rkd.refinitiv.com/api/News/News.svc/REST/News_1/RetrieveStoryML_1","article_id":"2483558332","we_media_id":"1036604489","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2483558332","pubTimestamp":1731617698,"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1036604489","head_image":"https://static.tigerbbs.com/443ce19704621c837795676028cec868"},"summary":"* NetEase Inc    reported quarterly adjusted earnings of $2.33 per share for the quarter , lower than the same quarter last year, when the company reported EPS of CNY2.66.  The mean expectation of six","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"09999":"网易-S"},"translate_title":"网易公司报告季度业绩-收益摘要","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"09999":0.9},"content_text":"* NetEase Inc    reported quarterly adjusted earnings of $2.33 per share for the quarter , lower than the same quarter last year, when the company reported EPS of CNY2.66.  The mean expectation of six analysts for the quarter was for earnings of $2.23 per share. 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