Netease's Q4 Non-GAAP Income Declines, Revenue Increases

MT Newswires Live
Feb 11

Netease (NTES) reported Q4 non-GAAP net income Wednesday of 10.95 Chinese renminbi ($1.58) per diluted American depositary share, down from 15.09 renminbi a year earlier.

Analysts polled by FactSet expected 14.17 renminbi.

Revenue for the quarter ended Dec. 31 was 27.55 billion renminbi, up from 26.75 billion renminbi a year earlier.

Analysts surveyed by FactSet expected 28.72 billion renminbi.

Shares of the company were down over 3% in recent premarket activity Wednesday.

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