Benzinga | Nov 19, 2020 07:37AM EST

NetEase Earlier Reported Q3 EPS $0.79 Beats $0.39 Estimate, Sales $2.75B Miss $2.77B Estimate

NetEase (NASDAQ:NTES) reported quarterly earnings of $0.79 per share which beat the analyst consensus estimate of $0.39 by 102.56 percent. This is a 84.45 percent decrease over earnings of $5.08 per share from the same period last year. The company reported quarterly sales of $2.75 billion which missed the analyst consensus estimate of $2.77 billion by 0.79 percent. This is a 34.18 percent increase over sales of $2.05 billion the same period last year.