Investing.com – NetEase (NASDAQ:) reported on Thursday fourth quarter that missed analysts’ forecasts and revenue that topped expectations.
NetEase announced earnings per share of 2.34 on revenue of 19.76B. Analysts polled by Investing.com anticipated EPS of 2.82 on revenue of 19.74B.
NetEase shares are up 22.69% from the beginning of the year, still down 12.53% from its 52 week high of 134.33 set on February 11. They are outperforming the Nasdaq which is up 5.51% from the start of the year.
NetEase follows other major Technology sector earnings this month
NetEase’s report follows an earnings beat by Apple on January 27, who reported EPS of 1.68 on revenue of 111.44B, compared to forecasts EPS of 1.42 on revenue of 103.27B.
Alphabet C had beat expectations on February 2 with fourth quarter EPS of 22.3 on revenue of 56.9B, compared to forecast for EPS of 15.79 on revenue of 52.67B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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