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Super Harley.
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- 06 Aug '17 at 4:40 pm #10951
Super Harley
Participant[article]120[/article]
07 Aug '17 at 5:35 am #10957Helmholtz Watson
ParticipantLets see if NTES consolidation can fuel a rally – been an amazing run over the past year. A little $TTWO action in order?
10 Aug '17 at 7:13 pm #11061ThePitBoss
ParticipantNetEase $NTES second-quarter sales and earnings beat Wall Street’s expectations, but shares fell in after-hours trading after the big rip into them – they closed regular session Wednesday up 1.9% to 315.05.
Weibo was also down by as much as 7% at one point during regular trading but rebounded to end the day up more than 1%.
Earnings: NetEase earned an adjusted $3.86 per American depositary share, up 26% from the same period last year, on sales of $1.97 billion, up 48%. Analysts were expecting $3.82 and $1.9 billion.
For Q3 Wall Street modeling NetEase earnings to rise 15% to adjusted $3.56 per U.S. share, with sales jumping 40% to $1.92 billion.
“Our online games, advertising services and e-commerce divisions continue to grow,” NetEase Chief Executive William Ding said in a news release. “While e-commerce is becoming an increasingly important revenue contributor, our self-developed mobile games remain our primary growth engine.”
Stock was down 3% after earnings
10 Aug '17 at 7:20 pm #11063ThePitBoss
ParticipantSelling intensifying as profit taking and general selling on markets picks up NetEase Inc (ADR) NASDAQ: NTES – Aug 10, 11:19 AM EDT
286.70 -28.35 (- 9.00%)10 Aug '17 at 7:58 pm #11065Super Harley
ParticipantCEO William Ding on the company’s earnings call “Profitability is not a near-term focus” on e-commerce, adding that “our focus is still mainly to grow and market share; we want these two platforms (Kaola and Yanxuan) and our services and products to cover more families and users.”
That got some selling going
10 Aug '17 at 8:00 pm #11066Super Harley
ParticipantCLSA downgrade NTES shares to Underperform
Says slowdown in online games where revenue fell 12% Q/Q and e-commerce’s drag on the company’s margins.
The stock’s not cheap at a 21 P/E ratio, says analyst Man Ho Lam, who has a price target of $340 which is 7.9% upside from yesterday’s close, and now 18.5% upside from today’s lower price.
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