Why NetEase Stock Jumped Today
Shares of NetEase (NASDAQ: NTES) have jumped today, up by 14% as of 12:20 p.m. EST on continued momentum after the Chinese video game company posted third-quarter results earlier this week. There were no new developments since the release, but investor sentiment remains bullish.
Revenue in the third quarter jumped 35.5% to $1.9 billion, and non-GAAP earnings per ADS was $3.43. NetEase launched Minecraft in China during the quarter, and quickly grabbed 30 million new registered users. Other legacy games like Fantasy Westward Journey Online and Invincible gained popularity, each hitting record quarterly revenue. NetEase both releases its own games as well as distributes games in China for other companies.
A character from NetEase's Crusaders of Light. Image source: NetEase.
Source: Fool.com
Netease Inc. ADR Aktie
Mehrere Buy-Einschätzungen für Netease Inc. ADR ohne eine einzige Sell-Einschätzung.
Ein leicht positives Potenzial wird für Netease Inc. ADR mit einem Kursziel von 133 € im Vergleich zu 114.0 € gesehen.
