NetEase Posts Higher Q3 Profit

(RTTNews) - Chinese Internet and online game services providers NetEase, Inc. (NTES) reported net profit for the third quarter of RMB1.1 billion, or US$171.3 million, compared to RMB811.9 million for the year-ago quarter.

Third quarter earnings per ADS were US$1.31, compared to US$1.01 in the prior year quarter.

Total revenues for the third quarter rose to RMB2.51 billion, or US$410.8 million, from RMB2.04 billion a year earlier.

Analysts polled by Thomson Reuters expected the company to earn US$1.37 per share on revenue of US$391.89 million for the third quarter.