I found out what NTES NetEase is. October 5, 2006Posted by deminvest in investment.
Chinese online gaming giant NetEase (Nasdaq: NTES) can teach a company a thing or two about how to stay one step ahead of Wall Street. The company earned $0.28 per American Depository Share in the June quarter, or $0.30 per share before stock-based compensation charges. Analysts were expecting profits to grow only to the equivalent of $0.27 a share from a $0.21 per share showing a year ago.
Revenues clocked in 38% higher to hit $72 million. The pros were only projecting the company to generate $68.4 million on the top line. The sound thumping isn’t a surprise to long-term NetEase watchers. The company has beaten the market’s prognosticators in seven of the last eight quarters.
The key driver remains the company’s online gaming business. At one point, there were more than 1.3 million players taking on fantasy roles in the company’s Fantasy Westward Journey Internet game. With coattails worth hopping on, the company commercially launched a new gaming experience — Datang — last month and has Tianxia II ready to roll out in open beta form later this year.