Tag Archives: ntes

Do China Stocks Rock After Huge Online Shopping Day?

Chinese online retailer JD.com (JD) jumped 3.2% in the stock market Thursday with its numbers in from China’s top online shopping day, “11.11” — that is, November 11. JD said that its orders were up 130% from a year ago. And IBD 50 stock NetEase (NTES) lifted 2.2% after its third quarter earnings report beat estimates. NetEase is a Chinese Internet, videogame and e-commerce company with a best-possible Composite Rating of 99. It broke out of a cup

NetEase Hits New High On Q3 Revenue, Earnings Beat

NetEase (NTES) stock hit an all-time high Thursday after the Chinese gaming and Internet company late Wednesday posted solid beats in revenue and earnings for Q3, as its focus on online games is paying off. The company said that online games, its biggest segment, saw a year-over-year revenue increase of 124.5%. Mobile original games drove growth, NetEase said, with “Westward Journey Online” and “Fantasy Westward Journey” coming in as the two top

Netease Is IBD 50 Stock To Watch As Gaming Peers Warn

NetEase (NTES) will headline a quiet week of earnings for IBD 50 stocks as the Chinese leader in online gaming follows several eventful days in the gaming sector. NetEase is a leader in multiplayer games including its popular “Westward Journey Online” franchise and the blockbuster “World of Warcraft,” under license from Activision Blizzard (ATVI). When Netease reports Wednesday, analysts expect the IBD 50 stock’s third-quarter EPS to rise 24% to