Newegg commerce: Galkin family buys $5.8M in NEGG stock
Investing.com - NetEase reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetEase announced earnings per share of ¥39.82 on revenue of ¥18.18B. Analysts polled by Investing.com EPS of ¥32.12 on revenue of ¥17.02B.
NetEase 's are up 51.64% and is trading at ¥465.00 , still down 7.50% from its 52 week high of ¥502.70 set on Thursday, July 9, 2020.
NetEase shares lost 2.01% to trade at ¥465.00 in intra-day trade the report.
NetEase follows other major Technology sector earnings this month
NetEase's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of ¥2.58 on revenue of ¥59.69B, EPS of ¥2.05 on revenue of ¥52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of ¥1.46 on revenue of ¥38.03B, for EPS of ¥1.34 on revenue of ¥36.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar