RTTNews | Nov 16, 2021 07:09AM EST

07:09 Tuesday, November 16, 2021 (RTTNews.com) - Shares of Chinese online gaming company, NetEase, Inc. (NTES) are up more than 5% in pre-market on Tuesday following better third-quarter results than a year ago.

Net income for the third quarter increased to RMB3.181 billion or $493.8 million from RMB2.998 billion in the same quarter a year ago. Earnings were $0.73 per ADS for the third quarter.

Excluding one-time items, income was RMB3.9 billion or $598.7 million. Adjusted earnings per ADS was $0.89.

Revenue for the quarter increased 18.9% year-over-year to RMB22.2 billion or $3.4 billion, driven by growth in online game services revenue.

NetEase shares closed Monday's regular trade at $111.18, up $0.03 or 0.03%. The stock is currently at $117.

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