NetEase Reports Second Quarter 2016 Unaudited Financial Results
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UPDATE: Credit Suisse Restarts NetEase.com (NTES) at Neutral; Positive on Pipeline, but Sees Earnings Growth Normalizing
August 19, 2016 6:40 AM EDT(Updated - August 19, 2016 7:50 AM EDT)
Credit Suisse downgraded NetEase.com (NASDAQ: NTES) from Outperform to Neutral with a price target of $230.00 (from $200.00).
The firm commented:
2Q beat con. revenue and profit by 6% and 24%, respectively due to: (1) game revenue +7% QoQ-the... MoreNetEase (NTES) Declares $0.78 Quarterly Dividend; 1.5% Yield
August 18, 2016 6:22 AM EDTNetEase (NASDAQ: NTES) declared a quarterly dividend of $0.78 per share, or $3.12 annualized.
The dividend will be payable on September 9, 2016, to stockholders of record on August 31, 2016, with an ex-dividend date of August 29, 2016.
The annual yield on the dividend is 1.5 percent.
For a... More
NetEase (NTES) Tops Q2 EPS Views
August 18, 2016 6:22 AM EDTNetEase (NASDAQ: NTES) reported Q2 EPS of $3.67, $1.06 better than the analyst estimate of $2.61. Revenue for the quarter came in at $1.35 billion versus the consensus estimate of $1.26 billion.
For earnings history and earnings-related data on NetEase (NTES) click here.
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