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NetEase announced earnings per share of 5.35 on revenue of 18.66B. Analysts polled by Investing.com anticipated EPS of 3.43 on revenue of 18.15B.
NetEase shares are up 39.41% from the beginning of the year, still down 17.42% from its 52 week high of 103.53 set on August 26. They are outperforming the Nasdaq 100 which is up 36.2% from the start of the year.
NetEase shares gained 2.57% in pre-market trade following the report.
NetEase’s report follows an earnings beat by Apple on October 29, who reported EPS of 0.73 on revenue of 64.7B, compared to forecasts EPS of 0.71 on revenue of 63.8B.
Microsoft had beat expectations on October 27 with first quarter EPS of 1.82 on revenue of 37.15B, compared to forecast for EPS of 1.54 on revenue of 35.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
