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Fly News Breaks for March 29, 2018
NTES
Mar 29, 2018 | 07:36 EDT
Nomura Instinet analyst Jialong Shi lowered his price target for NetEase to $399 saying the company's margins in Q1 are likely to remain under pressure. In a recent meeting, management sounded upbeat on the outlook for online gaming and the e-commerce business, but they also noted that expenses, in particular marketing expenses, likely remained high in Q1 due to the launch of two new titles, Battle! Ping An Jing and Chuliuxiang, Shi tells investors in a research note. The analyst keeps a Buy rating on NetEase.
News For NTES From the Last 2 Days
NTES
Apr 17, 2024 | 12:36 EDT
"Game On" is The Fly's weekly recap of the stories powering up or beating down video game stocks. NEW RELEASES: Among... To see the rest of the story go to thefly.com. See Story Here
