NetEase Stock Has a Lot to Prove on Wednesday
We're in the late innings of earnings season, but we still have a few companies stepping up with fresh financials this week. NetEase (NASDAQ: NTES) will post its third-quarter results after Wednesday's market close. It will host its conference call to discuss its performance later that evening.
Analysts see a 37% surge in revenue for the period. NetEase Games -- now accounting for more than two-thirds of its revenue -- should continue to be the key driver. Analysts see a decline in adjusted earnings, something that isn't really a surprise as the gaming market's focus has shifted to lower-margin mobile games over traditional PC-based diversions.
Image source: NetEase. Image source: NetEase.
Source: Fool.com
Netease Inc. ADR Aktie
84,00 €
-1,83 %
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