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NetEase (NTES) Tops Q3 EPS by 74c, Revenues Beat

November 14, 2018 6:06 PM

NetEase (NASDAQ: NTES) reported Q3 EPS of $2.55, $0.74 better than the analyst estimate of $1.81. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.4 billion.

"We are very pleased with the strong third quarter performances from each of our primary business lines, online games, e-commerce, advertising services and e-mail and others, which delivered 35.1% growth in total net revenues year-over-year," said Mr. William Ding, Chief Executive Officer and Director of NetEase. "In the third quarter, net revenues for our online games stood above RMB10 billion for the second consecutive quarter, supported by a game portfolio that is more diversified than ever before."

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

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