Share Market News - (ADR) (NASDAQ:NTES) Q3 Misses Estimate, Shares Down

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NetEase.com, Inc. (ADR) (NASDAQ:NTES) plunged 8.41% to $37.27 in the opening session  after it reported net profit of RMB393.8 million or US$57.7 million for the third quarter, compared to RMB313.3 million or US$45.9 million in the third quarter of 2008. Earnings per ADS were RMB3.02 or US$0.44, compared to RMB2.42 in the year-ago quarter.

Total revenues for the third quarter were RMB879.4 million or US$128.8 million, up from RMB806.6 million or US$118.2 million in the prior year quarter.

Analysts polled by Thomson Reuters expected the company to report earnings of US$0.49 per ADS on revenue of US$138.65 million for the quarter. Analysts' estimates typically exclude special items.

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