Investing.com - NetEase reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetEase announced earnings per share of 7.81 on revenue of 23.56B. Analysts polled by Investing.com EPS of 7.15 on revenue of 22.9B.
NetEase 's are down 4.66% and is trading at 97.04 , still down 18.87% from its 52 week high of 119.61 set on Tuesday, June 1, 2021.
NetEase follows other major Communication Services sector earnings this month
NetEase's report follows an earnings missed by Alphabet C on Tuesday, April 26, 2022, who reported EPS of 24.62 on revenue of 68.01B, EPS of 25.59 on revenue of 68.06B.
Meta Platforms had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of 2.72 on revenue of 27.91B, for EPS of 2.56 on revenue of 28.28B.
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