$NTES

6 stories mentioning NTES

Every FINWIRES story that references NTES, newest first.

Easing Bond Yields Lift US Equity Futures Pre-Bell Amid Ongoing Middle East Peace Talks

US equity futures were higher pre-bell Friday as traders mulled easing bond yields and monitored developments in the Middle East peace negotiations.Dow Jones Industrial Average futures were 0.6% higher, S&P 500 futures were up 0.4%, and Nasdaq futures were 0.4% higher.Treasury yields declined after a spike earlier in the week. The yield on the 10-year US Treasury note fell more than 2 basis points to 4.56%.Iranian Foreign Minister Abbas Araghchi met with Pakistani Interior Minister Syed Mohsin Naqvi in Tehran to discuss proposals aimed at ending the US-Iran conflict, according to Iranian media reports. US and Iran are still in disagreement over the issue of uranium enrichment and control over the Strait of Hormuz.Traders noted the latest round of earnings, with BJ's Wholesale Club (BJ) posting lower fiscal Q1 adjusted earnings on higher revenue.Oil prices were higher, with front-month global benchmark North Sea Brent crude up 1% at $103.58 per barrel and US West Texas Intermediate crude 0.3% higher at $96.64 per barrel.The final University of Michigan consumer sentiment report for May, scheduled at 10 am ET, is expected to show consumer sentiment index coming in at 48.2, unchanged from the preliminary reading, according to estimates compiled by Bloomberg.Federal Reserve Governor Christopher Waller is slated to speak on Friday.In other world markets, Japan's Nikkei closed 2.7% higher, Hong Kong's Hang Seng ended 0.9% higher, and China's Shanghai Composite finished 0.9% higher. Meanwhile, the UK's FTSE 100 was up 0.3%, and Germany's DAX index was 1.1% higher in Europe's early afternoon session.In equities, Workday (WDAY) shares rose 6.3% after the company's fiscal Q1 results surpassed market expectations. Dell Technologies (DELL) stock was up 4.4% after Wells Fargo raised its price target to $270 from $180. Nokia (NOK) shares were up 3.2% after the company said it launched an AI networking innovation lab in California.On the losing side, UBS (UBS) stock was down 0.9% after the company said it expects the voluntary review of historic World War II operations at Credit Suisse to conclude by the end of the year. NetEase (NTES) shares fell 2.6% after the company posted lower Q1 non-GAAP earnings. Copart (CPRT) stock was down 2.5% despite posting higher fiscal Q3 earnings and revenue.

Dow JonesNasdaq CompositeS&P 500$BJ$CPRT$DELL$NOK$NTES$UBS$WDAY

Research24d ago

Research Alert: CFRA Maintains Hold Recommendation On Adss Of Netease Inc.

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:We keep our target price at USD128, implying 14x our 2026 EPADS forecast. We think the premium valuation fairly reflects improving earnings visibility, cost discipline, and expanding global game monetization, though execution must remain strong to justify current multiples. We lift our EPADS forecasts to CNY62 (from CNY58) for 2026 and to CNY68.50 (from CNY63.50) for 2027. Management expressed confidence in its established gaming portfolio and highlighted progress in its pipeline and international expansion. We see a strong gaming portfolio ahead, with contributions from relisted Blizzard titles expected to support MAU and ARPPU growth, while continued traction from Where Winds Meet and Sword of Justice should provide further tailwinds. We expect mid-to-high single-digit revenue growth and disproportionate profit growth in 2026-2027, supported by strong cash generation of CNY13.7B in operating cash flow and continued capital returns through dividends and buybacks.

$NTES

Research25d ago

Research Alert: Netease Q1 2026: Steady Gaming Revenue Growth Amid Global Expansion

CFRA, an independent research provider, has providedwith the following research alert. Analysts at CFRA have summarized their opinion as follows:NetEase reported Q1 2026 net revenues of CNY30.6B, up 6.1% Y/Y and 11.1% sequentially, led by gaming segment growth to CNY25.7B (+6.9% Y/Y, +16.8% Q/Q). Gross margin improved significantly to 69.4% from 64.2% in Q1 2025, primarily due to lower revenue-sharing costs and reduced product costs. We believe the revenue growth is strong and are encouraged by global expansion through Where Winds Meet and Marvel Rivals, plus stable Blizzard operations in China providing revenue diversification. Management emphasized strategic priorities including strengthening gaming franchises, advancing global expansion, and leveraging in-house R&D capabilities, though it provided no specific numerical guidance for Q2 or full-year 2026. The company maintains exceptional financial strength with net cash of CNY167.5B and approved a dividend of USD0.144 per share. We expect continued operating leverage from favorable content mix shifts and global market penetration.

$NTES

Wire25d ago

Update: NetEase Shares Drop After Q1 Non-GAAP Earnings Fall

(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%

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Sectors25d ago

Sector Update: Tech Stocks Decline Premarket Thursday

Technology stocks were declining premarket Thursday, with the State Street Technology Select Sector SPDR Fund (XLK) down 0.6% and the State Street SPDR S&P Semiconductor ETF (XSD) 0.6% lower.IBM (IBM), GlobalFoundries (GFS) and D-Wave Quantum (QBTS) are among the major quantum companies set to receive billions in proposed US government backing as the Trump administration ramps up efforts to cement America's lead in quantum computing. IBM shares were up more than 4%, GlobalFoundries stock was advancing past 12%, and D-Wave Quantum shares were up nearly 13% pre-bell.NetEase (NTES) shares were down more than 3% after the company posted a decline in Q1 non-GAAP earnings.Cognizant Technology Solutions (CTSH) has signed accelerated share repurchase agreements with Truist Bank and BNP Paribas covering $500 million of the company's class A common stock, the company said. Shares of Cognizant Technology Solutions were up more than 1% premarket.

$CTSH$GFS$IBM$NTES$QBTS$XLK$XSD

US Markets25d ago

Stocks Down Pre-Bell as Traders Monitor US-Iran Developments, Parse Nvidia Earnings

US equity markets were trending lower before the opening bell Thursday as traders monitor the latest developments in the US-Iran conflict and digest tech bellwether Nvidia's (NVDA) quarterly earnings.The S&P 500 fell 0.4% and the Dow Jones Industrial Average slipped 0.3% in premarket activity, while the Nasdaq was down 0.5%. The indexes finished the previous trading session higher, with the Nasdaq and S&P 500 snapping a three-day losing streak.Iranian Foreign Ministry spokesperson Esmaeil Baghaei said Thursday that Tehran is reviewing the latest US proposal to end the war in the Middle East, CNBC reported, citing state-run agency Nour News.President Donald Trump told reporters on Wednesday that negotiations with Iran had reached the final stages, though he warned of further attacks if Tehran backs out, according to several media outlets. "We'll either have a deal or we're going to do some things that are a little bit nasty," Trump said, according to a Bloomberg News report. "But hopefully that won't happen."Earlier on Wednesday, Iran's Islamic Revolutionary Guard Corps reportedly said that it would retaliate beyond the Middle East if the US or Israel resumed their military attacks against the country.West Texas Intermediate crude oil slipped 0.2% to $98.01 a barrel before the open, while Brent decreased 0.6% to $104.42.Shares of Nvidia (NVDA) slipped 0.2% pre-bell after the chipmaking giant reported fiscal first-quarter revenue above Wall Street's estimates, as data center sales outperformed expectations amid an artificial intelligence boom. For the current quarter, Nvidia said it anticipates revenue of $91 billion, plus or minus 2%.Intuit's (INTU) stock dropped 14% after the financial technology platform reported better-than-expected fiscal third-quarter results and disclosed plans to reduce its workforce by about 17%. Urban Outfitters (URBN) declined 1.4% after its financial results.Federal Reserve officials flagged the possibility of higher interest rates if the Middle East conflict drags on and keeps inflation above the 2% goal, minutes from the central bank's April meeting showed on Wednesday.Meeting participants generally determined that elevated inflation, combined with uncertainty around the duration and impact of the Iran war, could justify holding rates for longer than previously anticipated. However, majority of Fed officials pointed out that "some policy firming would likely become appropriate if inflation were to continue to run persistently above 2%."Treasury yields were rising before the open, with the two-year rate gaining 6.6 basis points to 4.1% and the 10-year rate adding 5.1 basis points to 4.62%.Thursday's economic calendar has the housing starts and permits report for April at 8:30 am ET, along with the weekly jobless claims bulletin and the Philadelphia Fed manufacturing index for May. The S&P Global's (SPGI) flash purchasing managers' index for May is out at 9:45 am, followed by the Kansas City Fed manufacturing index for the same month at 11 am.Richmond Fed President Thomas Barkin is scheduled to speak at 12:20 pm.Walmart (WMT), Deere (DE), NetEase (NTES), Williams-Sonoma (WSM), Ralph Lauren (RL), Nio (NIO) and Advance Auto Parts (AAP) report their latest financial results before the bell, among others. Ross Stores (ROST), Take-Two Interactive Software (TTWO), Workday (WDAY), Zoom Communications (ZM) and Deckers Outdoor (DECK) release their earnings after the markets close.Gold was down 0.4% at $4,519 per troy ounce, while bitcoin fell 0.3% to $77,255.

Dow JonesNasdaq CompositeS&P 500$AAP$DE$DECK$INTU$NIO$NTES$NVDA$RL$ROST$SPGI$TTWO$URBN$WDAY$WMT$WSM$ZM