Chinese online game developer NetEase.com (NTES +5.2%) trades higher after reporting Q3 revenue...
Chinese online game developer NetEase.com (NTES +5.2%) trades higher after reporting Q3 revenue of $314.8M (+40% Y/Y) and EPS of $0.99, beating consensus by a solid $33M and $0.11. Piper is lifting its PT to $66, claiming NetEase's growing game portfolio will allow it to "strengthen its leading position" in the Chinese market. Rival Changyou.com (CYOU +1.7%) is also moving higher.
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