real-time news and commentary for investors
Thursday, Aug 16
2012, 11:39 AM
NetEase (NTES -13.1%) gets pummeled after missing Q2 estimates. The Chinese online game...
NetEase (NTES -13.1%) gets pummeled after missing Q2 estimates. The Chinese online game developer blamed declining playing time for World of Warcraft, which NetEase jointly offers with Activision (ATVI) in China. NetEase is hoping several new 2H game launches will help it rebound. Two bright spots: registered users for NetEase's microblogging services rose 48.8% Q/Q to 180M, and registered e-mail accounts reached 495M (there are probably a lot of duplicates).