Why NetEase Stock Plunged Today
Shares of Chinese internet and online-gaming company NetEase (NASDAQ: NTES) slumped on Thursday following a mixed second-quarter report. Revenue surged, but a profit shortfall and an analyst downgrade weighed on the stock. Shares of NetEase were down about 9% at 12:45 p.m. EDT.
NetEase reported second-quarter revenue of $2.0 billion, up 49.4% year over year. Online game services revenue soared 46.5% to $1.4 billion, while email, e-commerce, and other revenue rose 68.9% to $494 million.
Advertising revenue increased 12.1% to $87.9 million. CEO William Ding explained that online games are the company's biggest opportunity:
Source: Fool.com
Netease Inc. ADR Aktie
83,50 €
0,60 %
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 83.5 €.
