NetEase earnings, Revenue beat in Q1

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NetEase earnings, Revenue beat in Q1 - NetEase (NASDAQ: NTES ) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.

NetEase announced earnings per share of 7.81 on revenue of 23.56B. Analysts polled by anticipated EPS of 7.15 on revenue of 22.9B.

NetEase shares are down 4.66% from the beginning of the year and are trading at 97.04 , down-from-52-week-high.They are outperforming the Nasdaq which is down 26.27% year to date.

NetEase follows other major Communication Services sector earnings this month

NetEase's report follows an earnings missed by Alphabet C on Tuesday, April 26, 2022, who reported EPS of 24.62 on revenue of 68.01B, compared to forecasts EPS of 25.59 on revenue of 68.06B.

Meta Platforms had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of 2.72 on revenue of 27.91B, compared to forecast for EPS of 2.56 on revenue of 28.28B.

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