NetEase Q2 Adj EPADS $1.66 Beats $1.65 Estimate, Sales $3.51B Miss $3.70B Estimate
Portfolio Pulse from Benzinga Newsdesk
NetEase reported its Q2 financial results, with adjusted EPADS of $1.66 beating the estimate of $1.65, but sales of $3.51 billion missing the expected $3.70 billion.
August 22, 2024 | 9:04 am
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
NetEase's Q2 adjusted EPADS of $1.66 exceeded expectations, but sales fell short at $3.51 billion compared to the $3.70 billion estimate.
NetEase's earnings per share exceeded expectations, which is a positive indicator for investors. However, the sales miss could offset this positive sentiment, leading to a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100