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Netease Inc. Q1 adjusted earnings of RMB0.93 per share

Netease Inc. (NTES) reported earnings for its first quarter that climbed from last year.

The company's earnings came in at RMB2.38 billion, or RMB0.74 per share. This compares with RMB0.75 billion, or RMB0.23 per share, in last year's first quarter.

Excluding items, Netease Inc. reported adjusted earnings of RMB3.02 billion or RMB0.93 per share for the period.

The company's revenue for the quarter rose 29.6% to RMB18.36 billion from RMB14.17 billion last year.

Netease Inc. earnings at a glance:

-Earnings (Q1): RMB3.02 Bln. vs. RMB1.34 Bln. last year.
-EPS (Q1): RMB0.93 vs. RMB0.40 last year.
-Revenue (Q1): RMB18.36 Bln vs. RMB14.17 Bln last year.

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