Chinese Online Gaming Pushes Netease Revenue Higher

From TheStreet:

"NetEase (NTES) posted better-than-expected first-quarter results, becoming the latest Chinese Internet company to beat Wall Street expectations."

"On an adjusted basis, NetEase had profit of $39.9 million, or 28 cents, beating the 24-cent-a-share average forecast of analysts surveyed by Thomson First Call. Sales were $66.1 million, up 67% from $39.6 million last year. That beat expectations of $61.7 million."

NetEase, Inc. Q1 2006 Earnings Conference Call Transcript

China Net Investor: Netease, Shanda and the9 are China's dominating online gaming companies. Shanda Interactive Entertainment (Nasdaq: SNDA) will announce Q1 2006 earnings today.

Read more:
Online gamers in the Middle Kingdom could double by 2010