NetEase Reports Third Quarter 2016 Unaudited Financial Results
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Brean Capital Raises Price target on NetEase (NTES) to $310 Following EPS Beat
November 10, 2016 10:43 AM ESTBrean Capital reiterated a Buy rating on NetEase.com (NASDAQ: NTES), and raised the price target to $310.00 (from $235.00), following the company's 3Q earnings report. Total net revenue for 3Q16 was RMB 9.21bn, trailing consensus expectations of RMB 9.68bn. Non-GAAP EPS for 3Q16 was RMB 22.82 ($3.42), topping consensus of $3.22 by 20 cents.
Analyst Fawne Jiang commented, "We are positive on NTES and... More
Jefferies Raises Price Target on NetEase (NTES) to $261 Following 3Q
November 10, 2016 9:58 AM ESTJefferies reiterated a Hold rating on NetEase.com (NASDAQ: NTES), and raised the price target to $261.00 (from $245.00), following the company's 3Q earnings report. Total revenue came in at RMB9.2bn, 4.6% below consensus. Non-GAAP net income was RMB3bn, 4.6% above consensus. The company... More
NetEase (NTES) Tops Q3 EPS by 53c
November 10, 2016 6:46 AM ESTNetEase (NASDAQ: NTES) reported Q3 EPS of $3.42, $0.53 better than the analyst estimate of $2.89. Revenue for the quarter came in at $1.38 billion versus the consensus estimate of $1.43 billion.
For earnings history and earnings-related data on NetEase (NTES) click here.
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