NetEase Non-GAAP EPADS of $1.66 Misses by $0.01 amid Revenue Slump
Thursday, 22 August 2024, 09:08
NetEase's Earnings Report Overview
NetEase (NTES) has reported a Non-GAAP EPADS of $1.66 for Q2, which missed estimates by $0.01. The company's revenue reached $3.5 billion, showing a growth of 6.1% compared to the previous year but fell short of expectations by $150 million.
Key Financial Insights
- EPADS Performance: Non-GAAP EPADS of $1.66
- Missed by: $0.01
- Revenue Results: $3.5 billion
- Year-over-Year Growth: +6.1%
- Revenue Miss: $150 million
The figures indicate a potential area of concern, as failing to meet revenue expectations can impact investor confidence. Analysts will closely watch NetEase's strategies to enhance its financial performance going forward.
This article was prepared using information from open sources in accordance with the principles of Ethical Policy. The editorial team is not responsible for absolute accuracy, as it relies on data from the sources referenced.