RTTNews | Feb 25, 2021 04:37AM EST

04:37 Thursday, February 25, 2021 (RTTNews.com) - NetEase, Inc. (NTES) reported fourth quarter non-GAAP net income from continuing operations per ADS of $0.36 compared to $0.86, a year ago. On average, 13 analysts polled by Thomson Reuters expected the company to report profit per share of $0.45, for the quarter. Analysts' estimates typically exclude special items.

Fourth quarter net revenues were $3.0 billion, an increase of 25.6% from a year ago. Online game services net revenues were $2.1 billion, an increase of 15.5%. Analysts expected revenue of $3.06 billion, for the quarter.

The board of directors has approved a dividend of $0.0120 per share ($0.0600 per ADS) for the fourth quarter of 2020, to holders of ordinary shares and holders of ADSs as of the close of business on March 12, 2021.

Read the original article on RTTNews ( https://www.rttnews.com/3172727/netease-q4-adj-profit-declines.aspx)

For comments and feedback: contact editorial@rttnews.com

Copyright(c) 2021 RTTNews.com All Rights Reserved