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Shares of NetEase (NASDAQ:NTES) moved higher by 0.2% in pre-market trading after the company reported Q2 results.
Quarterly Results
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Non-GAAP basic net income from continuing operations came in at $5.70 per ADS.
Net revenue climbed 25.9% year-over-year to RMB18.2 billion ($2.6 billion).
Outlook
NetEase hasn't issued any earnings guidance for the time being.
NetEase hasn't issued any revenue guidance for the time being.
Details Of The Call
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Date: Aug 13, 2020
Time: 07:30 AM
ET Webcast URL: https://edge.media-server.com/mmc/p/wzhp5cd9
Technicals
52-week high: $503.27
52-week low: $235.01
Price action over last quarter: Up 22.67%
Company Profile
NetEase, which started on an Internet portal service in 1997, is a leading online services provider in China. Its key services include online/mobile games, media, email, and e-commerce. The company develops and operates some of the China's most popular PC client and mobile games, and it partners with global leading game developers, such as Blizzard Entertainment and Mojang (a Microsoft subsidiary). Since 2014, NetEase has rolled out e-commerce services, riding the tailwind of increased demand for high-quality products.
Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.