(Updates with stock movement in headline and first paragraph.)
NetEase (NTES) shares fell 5.7% in Thursday trading after the company posted lower Q1 non-GAAP earnings.
In the quarter ended March 31, earnings fell to 17.46 Chinese renminbi ($2.57) per diluted American depositary share, down from 17.51 renminbi a year earlier.
Analysts polled by FactSet expected 15.12 renminbi.
Net revenue rose to 30.59 billion renminbi from 28.83 billion renminbi a year earlier.
Analysts polled by FactSet expected 29.34 billion renminbi.
Price: $110.15, Change: $-6.67, Percent Change: -5.71%