NetEase Q1 Adj EPADS $1.81 Beats $1.79 Estimate, Sales $3.72B Miss $3.79B Estimate
Portfolio Pulse from Benzinga Newsdesk
NetEase reported Q1 adjusted EPADS of $1.81, beating the estimate of $1.79. However, sales were $3.72 billion, missing the estimate of $3.79 billion.
May 23, 2024 | 8:32 am
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NEUTRAL IMPACT
NetEase's Q1 adjusted EPADS of $1.81 beat the estimate of $1.79, but sales of $3.72 billion missed the $3.79 billion estimate. This mixed result may lead to short-term volatility in the stock price.
The earnings beat is a positive sign, but the sales miss could concern investors. The mixed results are likely to cause short-term volatility in NTES stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100