Save the date! Thursday 22nd August 2024, is when NetEase (NASDAQ: NTES) will be sharing its eagerly awaited second quarter financial results. Investors and analysts will be able to gain valuable insights into the company's financial performance as the announcement is scheduled before market open.
According to financial analysts on Wall Street, the firm is likely to announce an estimated per share $1.69 profit for the quarter. Additionally, the company is anticipated to reveal a total revenue of $3.62 billion during this period.
Wall Street analysts have unveiled their forecasts for the company's yearly performance, estimating a total revenue of $15.54 billion. Additionally, they expect the company to reach profit of $7.27 per share for the fiscal year.
In the corresponding quarter of the previous year, the company's earnings report revealed a per-share income of $1.91. This significant amount was attributed to the company's remarkable total revenue of $3.31 billion generated during that specific period.
| Period | EPS Actual |
EPS Growth* |
Revenue Actual |
Revenue Growth* |
|---|---|---|---|---|
| Q1 2024 | $1.81 | +7.1% | 3.72 B | +2.0% |
| Q4 2023 | $1.60 | +49.5% | 3.82 B | +4.0% |
| Q3 2023 | $1.82 | +14.5% | 3.74 B | +8.8% |
| Q2 2023 | $1.91 | +56.6% | 3.31 B | -4.2% |
*Growth on year-over-year basis
NetEase (NTES) shares traded as low as $90.57 and as high as $92.68 on a day volume of 1.41 million shares, closed Wednesday's regular trading session at $92.59, a gain of 2.63 percent.
