Youdao, Inc (DAO.US) shares rose sharply today, rising 10.21% to US $11.55, with a temporary turnover of US $2.8688 million, with a total market capitalization of US $1.455 billion.
Youdao today released second-quarter results showing that its second-quarter net income rose 107.5% year-on-year to 1.3 billion yuan, while gross profit rose 140.4% year-on-year to 676.7 million yuan. According to the financial report, NetEase, IncApproved a purchase of NetEase, Inc youdaoADS shares have been issued with purchases of up to US $50 million for a period of not more than 36 months from September 2, 2021.