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

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