NetEase Stock Drops on Weaker-Than-Expected Profits

Key TakeawaysNetEase posted second-quarter net income that fell 17% year-over-year and missed expectations.Games and related revenue rose, driven by solid performances from its Naraka: Bladepoint and Identity V titles.The company's stock fell 11.17% after the earnings were released. NetEase (NTES) American depository receipts (ADRs) tumbled as the company’s second-quarter profit failed to meet expectations despite growing video game revenue. The Chinese internet and games company posted a net income of 6.8 ...