NetEase Q4 Adj EPS $1.60 Misses $1.73 Estimate, Sales $3.82B Miss $3.98B Estimate
Portfolio Pulse from Benzinga Newsdesk
NetEase (NASDAQ:NTES) reported Q4 adjusted EPS of $1.60, missing the $1.73 estimate, and sales of $3.82B, missing the $3.98B estimate. This represents a 49.53% increase in earnings and a 3.99% increase in sales from the same period last year.
February 29, 2024 | 8:32 am
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NetEase reported Q4 adjusted EPS of $1.60, missing estimates by 7.51%, and sales of $3.82B, missing estimates by 3.95%, but showed significant year-over-year growth.
Missing both earnings and sales estimates is likely to have a negative short-term impact on NetEase's stock price. However, the significant year-over-year growth in both earnings and sales may mitigate some of the negative sentiment.
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