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Netease Inc. Reveals Rise In Q4 Bottom Line

Netease Inc. (NTES) released earnings for its fourth quarter that increased from last year

The company's earnings came in at RMB6.58 billion, or RMB10.12 per share. This compares with RMB3.95 billion, or RMB6.05 per share, in last year's fourth quarter.

Excluding items, Netease Inc. reported adjusted earnings of RMB7.38 billion or RMB11.34 per share for the period.

The company's revenue for the quarter rose 7.1% to RMB27.14 billion from RMB25.35 billion last year.

Netease Inc. earnings at a glance (GAAP) :

-Earnings (Q4): RMB6.58 Bln. vs. RMB3.95 Bln. last year.
-EPS (Q4): RMB10.12 vs. RMB6.05 last year.
-Revenue (Q4): RMB27.14 Bln vs. RMB25.35 Bln last year.

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All eyes were on the U.S. Federal Reserve this week as the bank announced its latest policy decision. Find out the signals given out by Chair Jerome Powell regarding the future path of interest rates. Some key data on the U.S. private sector economy were also released. Other main news included the flash estimates of first quarter GDP from Eurozone. Elsewhere, the Paris-based think tank OECD released its latest round of macroeconomic projections for the global economy.

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