NetEase shares tick higher on stronger-than-expected numbers

NetEase shares tick higher on strong numbers

BEIJING — NetEase.com Inc.’s U.S.-traded shares ticked higher Thursday on better-than-expected quarterly numbers.

The Chinese online gaming company’s American Depositary share rose 13 cents, or 0.3 percent, to close at $38.37 during the regular trading session.

The company reported Wednesday that its net income in the fourth quarter was 571.8 million RMB ($83.8 million), or 64 cents per ADS. That compares with 575.9 million RMB (about $84.4 million), or 65 cents per share, in the year-ago period.

Analysts polled by Thomson Reuters expected 59 cents per ADS.

Revenue was 1.3 billion RMB ($189.0 million), versus 801.7 million RMB (about $117.4 million) last year. Analysts expected revenue of $179.3 million.

For all of 2009, net income rose to 1.9 billion RMB ($271.1 million). Total revenue rose to 3.8 billion RMB ($560.1 million).