NetEase Inc (NASDAQ: NTES) stock rose over 0.6% in the pre-market session on Feb 21st, 2019 (Source: Google finance).
For the first quarter, analysts expect the adjusted earnings to be in the range of $2.93 million on sales of $2.87 billion. Non-GAAP net income attributable to the Company’s shareholders for the fourth quarter of 2018 totaled RMB2,359.6 million (US$343.2 million), compared to RMB2,258.8 million and RMB1,878.9 million for the preceding quarter and the fourth quarter of 2017, respectively. As of December 31, 2018, the Company’s total cash and cash equivalents, current and non-current time deposits and short-term investments balance totaled RMB50,064.3 million (US$7,281.5 million), compared to RMB43,210.2 million as of December 31, 2017. Cash flow generated from operating activities was RMB13,415.9 million (US$1,951.3 million) for fiscal year 2018, compared to RMB11,889.2 million for the fiscal year 2017.
NTES in the fourth quarter of FY 18 has reported the adjusted earnings per share of $2.66, while reported the adjusted revenue growth of 35.8 percent to $2.89 billion in the fourth quarter of FY 18.
NTES has approved a dividend of US$0.48 per ADS for the fourth quarter of 2018, which is expected to be paid on March 15, 2019 to shareholders of record as of the close of business on March 8, 2019. NetEase had paid a dividend of US$0.38 per ADS for the fourth quarter of 2017 on March 2, 2018, a dividend of US$0.23 per ADS for the first quarter of 2018 on June 8, 2018, a dividend of US$0.61 per ADS for the second quarter of 2018 on August 31, 2018 and a dividend of US$0.45 per ADS for the third quarter of 2018 on December 7, 2018. On November 15, 2017, the company had announced that its board of directors had approved a share repurchase program of up to US$1.0 billion of the Company’s outstanding ADSs for a period not to exceed 12 months beginning on November 16, 2017. The company has also announced that its board of directors had approved a new share repurchase program of up to US$1.0 billion of the Company’s outstanding ADSs for a period not to exceed 12 months beginning on November 16, 2018.