NetEase.com (NTES)

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Netease.com (NTES) Misses Q3 EPS by 10c; Declares $1/Sh Special Dividend, $100M Stock Buyback

http://www.streetinsider.com/Stock+Buybacks/Netease.com+%28NTES%29+Misses+Q3+EPS+by+10c%3B+Declares+%241Sh+Special+Dividend%2C+%24100M+Stock+Buyback/7880253.html

Netease.com (NASDAQ: NTES) reported Q3 EPS of $0.98, $0.10 worse than the analyst estimate of $1.08. Revenue for the quarter came in at $325.4 million versus the consensus estimate of $335 million.

The Company today announced that its board of directors approved a new share repurchase program of up to US$100 million of the Company's outstanding ADSs for a period not to exceed 12 months.

The Company today announced that its board of directors declared a special cash dividend of US$0.04 per ordinary share, which is equivalent to US$1.00 per ADS (each ADS represents 25 ordinary shares).