Why NetEase Stock Fell 11% in August
Shares of NetEase (NASDAQ: NTES) declined 11.4% last month, according to data provided by S&P Global Market Intelligence, after the Chinese internet technology company's second-quarter earnings fell a bit short of investor expectations.
NetEase's revenue soared 49.4% year over year, to 13.4 billion Chinese renminbi (RMB), or roughly $2 billion. These gains were fueled by a 46.5% jump in online game services revenue and a 68.9% surge in e-commerce sales.
NetEase dialed up its revenue growth in the second quarter. Image source: Getty Images.
Source: Fool.com
Netease Inc. ADR Stock
€73.00
0.000%
With 10 Buy predictions and not the single Sell prediction the community is currently very high on Netease Inc. ADR.
With a target price of 112 € there is a hugely positive potential of 53.42% for Netease Inc. ADR compared to the current price of 73.0 €.
