Edition:
United Kingdom

NetEase reports Q3 GAAP diluted earnings per ADS $2.86


Wednesday, 15 Nov 2017 

Nov 15 (Reuters) - Netease Inc :NETEASE REPORTS THIRD QUARTER 2017 UNAUDITED FINANCIAL RESULTS.Q3 REVENUE RMB 12.5 BILLION VERSUS I/B/E/S VIEW RMB 12.56 BILLION.QTRLY ‍DILUTED EARNINGS PER ADS US $2.86​.QTRLY ‍NON-GAAP DILUTED EARNINGS PER ADS US $3.43​.‍BOARD OF DIRECTORS HAS APPROVED A DIVIDEND OF US $0.72 PER ADS FOR Q3 OF 2017​.‍BOARD OF DIRECTORS HAS APPROVED A NEW SHARE REPURCHASE PROGRAM OF UP TO US $1.0 BILLION OF COMPANY'S OUTSTANDING ADS'S​.‍NETEASE PLANS TO FUND REPURCHASES MADE UNDER PROGRAM FROM AVAILABLE WORKING CAPITAL​.SAYS QTRLY ‍ GROSS PROFIT WAS RMB 5.9 BILLION (US $893.9 MILLION), AN INCREASE OF 11.5 PERCENT COMPARED WITH Q3 OF 2016​.SAYS QTRLY ‍NET REVENUES FROM ONLINE GAMES WERE RMB 8,111.7 MILLION (US $1,219.2 MILLION) FOR Q3 OF 2017, COMPARED TO RMB 6,568.0 MILLION FOR Q3 OF 2016​.