© Reuters. NetEase Earnings, Revenue Beat in Q1
Investing.com – NetEase (NASDAQ:) reported on Tuesday first quarter that beat analysts’ forecasts and revenue that topped expectations.
NetEase announced earnings per share of 7.81 on revenue of 23.56B. Analysts polled by Investing.com anticipated EPS of 7.15 on revenue of 22.9B.
NetEase shares are down 4.66% from the beginning of the year, still down 18.87% from its 52 week high of 119.61 set on June 1, 2021. They are outperforming the which is down 26.26% from the start of the year.
NetEase follows other major Communication Services sector earnings this month
NetEase’s report follows an earnings missed by Alphabet C on April 26, who reported EPS of 24.62 on revenue of 68.01B, compared to forecasts EPS of 25.59 on revenue of 68.06B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of 2.72 on revenue of 27.91B, compared to forecast for EPS of 2.56 on revenue of 28.28B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
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