NetEase posts 4Q profit

BEIJING (AP) _ NetEase Inc. (NTES) on Wednesday reported fourth-quarter net income of $530.5 million.

The Beijing-based company said it had net income of $4.01 per share. Earnings, adjusted for stock option expense, came to $4.30 per share.

The internet technology company posted revenue of $1.74 billion in the period.

For the year, the company reported profit of $1.67 billion, or $12.63 per share. Revenue was reported as $5.5 billion.

NetEase shares have increased 22 percent since the beginning of the year. In the final minutes of trading on Wednesday, shares hit $261.85, an increase of 74 percent in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on NTES at https://www.zacks.com/ap/NTES

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Keywords: NetEase, Earnings Report