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NetEase: Q4 Net Income Boosted, EPS Up

TheMotleyFool 
0 0 20.02.25
NetEase: Q4 Net Income Boosted, EPS UpPhoto, wide shot, wide-angle lens, soft focus, IT consulting firm, Blue hour, twilight, cool, ISO1200, slow shutter speed, photo by Sebastião Salgado: https://oaidalleapiprodscus.blob.core.windows.net/private/org-IbuNdCATsFaPOITjFOv2kJh3/user-AXaxqjBUW45D8BadJEo9mUpW/img-uhXP0RHYYxDepjmHeSp1K8bF.png?st=2023-05-07T15%3A26%3A44Z&se=2023-05-07T17%3A26%3A44Z&sp=r&sv=2021-08-06&sr=b&rscd=inline&rsct=image/png&skoid=6aaadede-4fb3-4698-a8f6-684d7786b067&sktid=a48cca56-e6da-484e-a814-9c849652bcb3&skt=2023-05-07T16%3A18%3A55Z&ske=2023-05-08T16%3A18%3A55Z&sks=b&skv=2021-08-06&sig=4pcJOd8aEI1799liUV13F4ElqO7e4RZy8sa1PEeeNZA%3D
 

Chinese internet technology and gaming specialist (NASDAQ:NTES) reported mixed forth quarter 2024 earnings on Thursday, Feb. 20. Q4 revenue of $3.66 billion came in just short of analysts' consensus estimates of $3.72 billion and was also down 1.4% year over year. Adjusted earnings per share outperformed, reaching $2.07 compared to the estimated $1.73 per American depositary share (ADS). This was also reflected in a noticeable rise in net income to $1.3 billion, marking a 44.4% increase from the prior year.

Overall, the quarter highlighted NetEase's strong gaming prowess, although profitability faced pressure.

Source: NetEase. * EPS figures are on a "per American depositary share" (ADS) basis. Note: Analyst consensus estimates for the quarter provided by FactSet. YOY = Year over year.

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Source Fool.com

Netease Inc. ADR Stock

€110.00
6.800%
A very strong showing by Netease Inc. ADR today, with an increase of €7.00 (6.800%) compared to yesterday's price.
Netease Inc. ADR is currently one of the favorites of our community with 15 Buy predictions and no Sell predictions.
As a result the target price of 133 € shows a positive potential of 20.91% compared to the current price of 110.0 € for Netease Inc. ADR.
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