NetEasecom News

The analysts wrote, "NTES's 1Q net revenues were in line with our and consensus expectations while nonGAAP EPADS were significantly above our and consensus estimates on highern gross and operating margins, particularly lower S&M spending.

A number of other firms have also recently commented on NTES. Analysts at Credit Suisse raised their price target on shares of Netease.com from $64.00 to $70.00 in a research note to investors on Thursday.

Children's Place Retail Stores, Inc. is popping after the company said it sees significantly lower product costs for back-to-school. In other good news, the turnaround in Canada has begun and execs expect sales continuing to improve sequentially in the back half of the year.

The analysts wrote, "We continue to be buyers of NTES shares after the company reported solid 1Q results.

BEIJING, May 16, 2012 /PRNewswire via COMTEX/ -- NetEase, Inc. , one of China's leading Internet and online game services providers, today announced its unaudited financial results for the first quarter ended March 31, 2012.

NetEase.com Inc. will unveil its latest earnings on Wednesday, May 16, 2012. NetEase.com is a China-based Internet technology company, which is engaged in the development of applications, services, and other technologies for the Internet in China.

Since my first article about Chinese "lottery tickets" was so well received, I've decided to bring it back for an update.