Chinese online game developer/portal NetEase (NTES +5.2%) makes new highs after reporting Q1...

|By:, SA News Editor

Chinese online game developer/portal NetEase (NTES +5.2%) makes new highs after reporting Q1 revenue of $318.2M (+39% Y/Y) and EPS of $1.14, beating Street estimates by $8.5M and $0.13. Growth was fueled by strong uptake for the company's Ghost and Tianxia III games. In addition, NetEase reported a 24% Q/Q increase for users of its microblogging service to 121M (SINA's Weibo has 300M+), and a 6.7% Q/Q increase in registered e-mail accounts to 480M.