May 22, 2008, 9:59 am
NetEase.com Q1 EPS Misses By A Penny; Stock Slips
Posted by Eric Savitz
NetEase.com (NTES) late yesterday reported first quarter revenue of $93 million, ahead of the Street consensus of $82.3 million. But profits of 30 cents a share were a penny shy of expectations.
The company also noted that it shutdown its gaming service for three days this week as part of a national mourning period for the victims of China’s recent earthquake.
NTES today is down $1.42, or 5.9%, to $22.63.
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Tech Trader Daily is a blog on technology investing written from Palo Alto, California by long-time Barron's West Coast Editor Eric J. Savitz. The blog provides news, analysis and original reporting on events important to investors in software, hardware, the Internet, telecommunications and related fields.
