Earnings Recap: Chinese Internet Outfits
From MSN Money:
"NetEase.com Inc., a Beijing-based online gaming and e-commerce company posted better-than-expected fourth-quarter results Thursday, prompting two analyst upgrades and a 14 percent gain in its shares on Friday."
"Another large online gaming company, Shanghai-based The9 Ltd., also posted better-than-expected fourth-quarter earnings on Wednesday, but the results failed to impress investors. Following an after-hours spike in the company's American depositary shares that evening, the stock has more or less leveled off and was recently up just 11 cents at $21.21 on the Nasdaq."
"Going with the pack, Baidu.com Inc., a large Chinese-language search engine, also posted fourth-quarter results above consensus targets. The Beijing-based company said Tuesday it earned 9 cents per share, 2 cents above average analyst estimates."
"Sina Corp., a Shanghai-based operator of Chinese-language Web portals, bucked the upward trend and posted a 21 percent drop in its fourth-quarter profit Wednesday, as revenue fell 9 percent. The results were a penny below consensus estimates, and the company's first-quarter outlook also fell short of expectations."
Netease.com Inc Q4 2005 Earnings Conference Call Transcript
The9 Q4 2005 Earnings Conference Call Transcript
Baidu Inc. Q4 2005 Earnings Conference Call Transcript
SINA Corp Q4 2005 Earnings Conference Call Transcript
Ctrip.com Q4 2005 Earnings Conference Call Transcript
SOURCE: Seeking Alpha