NetEase is trading 4% down now at $123.04 after investors continued repricing its August 20 Q2 earnings miss.
- Revenue beat expectations, but adjusted EPS of $12.02 missed the $15.54 consensus.
- A RMB2.95 billion investment loss, higher taxes, and weaker net profit overshadowed stronger gaming operations.
- Broader tech weakness added pressure, with technology down 1.59% during regular trading.