Why NetEase Stock Fell 11% in August
Shares of NetEase (NASDAQ: NTES) declined 11.4% last month, according to data provided by S&P Global Market Intelligence, after the Chinese internet technology company's second-quarter earnings fell a bit short of investor expectations.
NetEase's revenue soared 49.4% year over year, to 13.4 billion Chinese renminbi (RMB), or roughly $2 billion. These gains were fueled by a 46.5% jump in online game services revenue and a 68.9% surge in e-commerce sales.
NetEase dialed up its revenue growth in the second quarter. Image source: Getty Images.
Source: Fool.com
Netease Inc. ADR Aktie
83,00 €
-1,19 %
Mehrere Buy-Einschätzungen für Netease Inc. ADR ohne eine einzige Sell-Einschätzung.
Ein prognostiziertes Kursziel von 120 € für Netease Inc. ADR zeigt ein Potenzial von über 20% im Vergleich zum aktuellen Kurs von 83.0 €.
