Investing.com - NetEase (NASDAQ:NTES) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetEase announced earnings per share of 7.47 on revenue of 20.52B. Analysts polled by Investing.com anticipated EPS of 6.35 on revenue of 20.13B.
NetEase shares are up 9.73% from the beginning of the year and are trading at 105.09 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is up 3.67% from the start of the year.
NetEase shares gained 0.18% in intra-day trade the report.
NetEase follows other major Technology sector earnings this month
NetEase's report follows an earnings beat by Apple on Wednesday, April 28, 2021, who reported EPS of 1.4 on revenue of 89.58B, compared to forecasts EPS of 0.9864 on revenue of 77.09B.
Microsoft had beat expectations on Tuesday, April 27, 2021 with third quarter EPS of 1.95 on revenue of 41.71B, compared to forecast for EPS of 1.78 on revenue of 41.04B.
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