NetEase Earnings, Revenue Beat in Q3

Published 19/11/2020, 14:50
Updated 19/11/2020, 14:50
© Reuters.  NetEase Earnings, Revenue Beat in Q3

Investing.com - NetEase reported on Thursday third quarter earnings that beat analysts' forecasts and revenue that topped expectations.

NetEase announced earnings per share of 5.35 on revenue of 18.66B. Analysts polled by Investing.com EPS of 3.43 on revenue of 18.15B.

NetEase 's are up 39.41% and is trading at 87.70 , still down 17.42% from its 52 week high of 103.53 set on Wednesday, August 26, 2020.

NetEase shares gained 2.57% to trade at 87.70 in pre-market trade the report.

NetEase follows other major Technology sector earnings this month

NetEase's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of 0.73 on revenue of 64.7B, EPS of 0.71 on revenue of 63.8B.

Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of 1.82 on revenue of 37.15B, for EPS of 1.54 on revenue of 35.76B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

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