NetEase Inc (NASDAQ:NTES) reported its second-quarter results broadly in-line with expectations, according to Goldman Sachs.
The NetEase Analyst: Analyst Lincoln Kong reiterated a Buy rating and price target of $144.
The NetEase Thesis: The company reported its quarterly revenues and non-GAAP net profit in-line with consensus estimates, Kong said in the note.
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NetEase’s revenues and non-GAAP net profits grew 9% and 22% year-on-year, respectively, he added.
The company achieved record high gross …