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
114,00 €
1,80 %
Positive Tendenz für Netease Inc. ADR mit mehreren Buy- und keiner Sell-Einschätzung.
Ein positives, wenn auch bescheidenes, Potenzial für Netease Inc. ADR mit einem Kursziel von 133 € im Vergleich zum aktuellen Kurs von 114.0 €.
