Why Shares of NetEase Popped Today

Shares of NetEase (NASDAQ: NTES) rose on Thursday after the Chinese internet company reported its second-quarter results. While revenue came in slightly below analyst expectations, adjusted earnings easily beat estimates. The stock was up about 6.8% at noon EDT, after having risen as much as 13.5% earlier in the day.

NetEase reported second-quarter revenue of $2.73 billion, up 15.3% year over year but $20 million below the average analyst estimate.

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