Investing.com - NetEase (NASDAQ:NTES) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
NetEase announced earnings per share of 9.92 on revenue of 24.37B. Analysts polled by Investing.com anticipated EPS of 6.48 on revenue of 24.04B.
NetEase shares are down 10.04% from the beginning of the year and are trading at 91.56 , down-from-52-week-high.They are outperforming the Nasdaq which is down 16.67% from the start of the year.
NetEase follows other major Communication Services sector earnings this month
NetEase's report follows an earnings beat by Alphabet C on Tuesday, February 1, 2022, who reported EPS of 30.69 on revenue of 75.33B, compared to forecasts EPS of 27.8 on revenue of 72.27B.
Meta Platforms had missed expectations on Wednesday, February 2, 2022 with fourth quarter EPS of 3.67 on revenue of 33.67B, compared to forecast for EPS of 3.84 on revenue of 33.37B.
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