NetEase (NTES) Tops Q3 EPS by 44c

NetEase (NASDAQ: NTES) reported Q3 EPS of $2.24, $0.44 better than the analyst estimate of $1.80. Revenue for the quarter came in at $1.05 billion.

"We are honored to be a leading developer and operator of some of the country's most popular games as China's online game industry is on track to become the world's largest gaming market," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "Our third quarter financial results reflect our success at innovation with total net revenues increasing by 114.1% compared with the third quarter of last year. We grew our top-line net revenues across our three business segments both sequentially and year-over-year, with year-over-year increases of 124.5% in online games, 10.5% in advertising services and 162.2% in e-mail, e-commerce and others."

For earnings history and earnings-related data on NetEase (NTES) click here.

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