NetEase: 1Q Earnings Snapshot

Associated Press |

BEIJING (AP) _ NetEase Inc. (NTES) on Wednesday reported first-quarter net income of $119.9 million.

The Beijing-based company said it had net income of 91 cents per share. Earnings, adjusted for non-recurring costs, came to $1.61 per share.

The internet technology company posted revenue of $2.26 billion in the period.

NetEase shares have declined 23 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $266, a drop of 8 percent in the last 12 months.

This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTES at https://www.zacks.com/ap/NTES

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of equities.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure, please go to: http://www.equities.com/disclaimer

Comments

Emerging Growth

Lexaria Bioscience Corp

Lexaria Bioscience Corp is a food sciences company. It has two distinct consumer product brands: ViPova and Lexaria Energy. It uses patent pending technology to infuse hemp oil ingredients within…