NetEase Fights Rising Competition [The Motley Fool]
NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES)
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm
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Source: The Motley Fool
NetEase Fights Rising Competition With new titles debuting constantly from developers all over the world, the video game industry today is more competitive than ever. That's especially true in the game-hungry Chinese market, where many companies are fighting for market share and profit. NetEase ( NASDAQ:NTES faced big struggles Coming into Wednesday's fourth-quarter financial report Image source: Getty Images. The game goes on for NetEase NetEase in Q did end its troubling trend of decelerating profit growth. Revenue jumped % to $.89 billion in local-currency terms, outpacing Q's growth. That was, however, a bit slower than the 0% growth rate that most of those following the stock had forecast. On the bottom line, adjusted net income climbed % in local-currency terms to $. million. That worked out to adjusted earnings of $. per share, well above the $.0 per share that NetEase earned in Q 07 on an adjusted basis. The company's best results came from its online gaming segment. Net reven
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NTES
News
- NetEase, Inc. (NASDAQ: NTES) had its price target lowered by analysts at HSBC Holdings plc from $130.00 to $126.00. They now have a "buy" rating on the stock.MarketBeat
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- NetEase, Inc. (NASDAQ: NTES) had its price target lowered by analysts at Morgan Stanley from $135.00 to $120.00. They now have an "overweight" rating on the stock.MarketBeat
NTES
Earnings
- 2/29/24 - Miss
NTES
Sec Filings
- 3/12/24 - Form 144
- 3/11/24 - Form 144
- 2/29/24 - Form 6-K
- NTES's page on the SEC website