NetEase Q3 Adj EPADS $1.82 Beats $1.45 Estimate, Sales $3.74B Miss $3.81B Estimate
Portfolio Pulse from Benzinga Newsdesk
NetEase (NASDAQ:NTES) reported Q3 adjusted earnings per ADS of $1.82, surpassing the $1.45 estimate, a 14.47% increase from last year. However, sales of $3.74B fell short of the $3.81B estimate, despite being 8.84% higher than the previous year.
November 16, 2023 | 8:40 am
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NetEase's Q3 earnings exceeded expectations at $1.82 per share, a 25.52% beat, with a 14.47% YOY increase. Sales grew 8.84% YOY but missed estimates by 1.90%.
While NetEase's earnings beat is positive, the sales miss may temper investor enthusiasm, leading to a neutral short-term impact on the stock price. The earnings beat indicates operational efficiency and profitability, which is typically a positive signal for investors. However, the slight miss on revenue estimates could raise concerns about growth prospects, potentially offsetting the positive earnings news.
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