Investing.com - NetEase reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
NetEase announced earnings per share of 8.18 on revenue of 23.16B. Analysts polled by Investing.com EPS of 7.24 on revenue of 23.29B.
NetEase 's are down 10.02% and is trading at 91.58 , still down 22.51% from its 52 week high of 118.19 set on Monday, November 22, 2021.
NetEase follows other major Communication Services sector earnings this month
NetEase's report follows an earnings missed by Alphabet C on Tuesday, July 26, 2022, who reported EPS of 1.21 on revenue of 69.69B, EPS of 1.27 on revenue of 69.8B.
Meta Platforms had missed expectations on Wednesday, July 27, 2022 with second quarter EPS of 2.46 on revenue of 28.82B, for EPS of 2.54 on revenue of 28.91B.
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