Weak NetEase profit expected

Investor's Business Daily

The Chinese gaming company is expected to report just 8% higher Q3 profit at $1.07 a share, lowest since Q2 '10, and 9% sales growth to $334.1 mil, smallest in 4 years, as interest in "World of Warcraft" games wanes. Analysts said even those low targets might be too high. NetEase (NTES), which reports results late Wed., has an exclusive license for Activision Blizzard's (ATVI) popular game. "WoW" sales are weak in part because it's not a strong season, T.H. Capital said in a note. Shares fell 0.9% to 52.32.

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