NetEase, Inc. (NASDAQ:NTES) China, is expected to report third quarter earnings results, before market open, on Thursday 19th November 2020.
Analysts polled by Thomson Reuters anticipate third quarter income of $ 0.39 per share.
Looking ahead, the full year income are expected at $ 3.47 per share on the revenues of $ 11085.80 million.
Previous Quarter Performance
NetEase, Inc. unwinded income for the second quarter of $ 5.64 per share, from the revenue of $ 2,574.00 million. The quarterly earnings raised 10.16 percent while revenues elevated 23.08 percent compared with the same quarter last year.
Street analysts expected NetEase, Inc. to report income of $ 4.55 per share on revenue of $ 2541.14 million for the second quarter. The bottom line results beat street analysts by $ 1.09 or 23.96 percent, at the same time, top line results outshined analysts by $ 32.86 million or 1.29 percent.
Stock Performance
Shares of NetEase, Inc. traded low $ -1.35 or -1.55 percent on Wednesday, reaching $ 85.50 with volume of 3.36 million shares. NetEase, Inc. has traded high as $ 88.06 and has cracked $ 84.88 on the downward trend
According to the previous trading day, closing price of $ 85.50, representing a 63.34 % increase from the 52 week low of $ 53.17 and a 16.11 % decrease over the 52 week high of $ 103.53.
The company has a market capital of $ 59.23 billion and is part of the Technology sector and Internet Content & Information industry.
Recent Stock Dividend Announcement
On August 13, 2020, the board of directors authorized quarterly dividend of $ 1.485 per share to holders of record as of the close of business on August 28, 2020, with payment date of September 18, 2020 and ex-dividend date on August 27, 2020.
Conference Call
NetEase, Inc. will be hosting a conference call at 6:00 AM eastern time on 19th November 2020, to discuss its 3Q20 financial results with the investment community. The participants may dial, 1-646-828-8143 U.S., and the passcode is 5158324 in order to access the live audio call. A live webcast with presentations will be available on the Internet by visiting the Company website ir.netease.com
NetEase, Inc. operates an interactive online community in the Peoples Republic of China. The company operates in four segments: Online Games Services, E-Commerce, Advertising Services, and Innovative Businesses and Other Services.
