NetEase up over 14% after strong earnings - Peter Lynch Investor

NetEase up over 14% after strong earnings

Nov. 17, 2017   Category: Fast Grower

NetEase the video game maker beat on earnings and the stock price is climbing.

It was expected $3.04/share in earnings but earned $3.43/share.

It has a couple of popular titles like, Onmyogi and Crusaders of Light both whose sales were strong.

They also recently announced plans to expand into e-commerce.

As Peter Lynch suggests, this could be a “diworseification” move. Hard to say for sure right now… some companies have made it work, like Amazon (AMZN:NASDAQ).

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