HANGZHOU, China (AP) — HANGZHOU, China (AP) — NetEase Inc. (NTES) on Thursday reported net income of $1.06 billion in its first quarter.

On a per-share basis, the Hangzhou, China-based company said it had net income of $1.63. Earnings, adjusted for stock option expense, were $1.81 per share.

The internet technology company posted revenue of $3.72 billion in the period.

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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