Investing.com - iQIYI reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
iQIYI announced earnings per share of ¥-1.96 on revenue of ¥7.41B. Analysts polled by Investing.com anticipated EPS of ¥-3.22 on revenue of ¥7.34B.
iQIYI shares are up 2.7% from the beginning of the year and are trading at ¥21.68 , down-from-52-week-high.They are under-performing the Nasdaq which is up 23.07% from the start of the year.
iQIYI follows other major Technology sector earnings this month
iQIYI's report follows an earnings beat by Apple on Thursday, July 30, 2020, who reported EPS of ¥2.58 on revenue of ¥59.69B, compared to forecasts EPS of ¥2.05 on revenue of ¥52.29B.
Microsoft had beat expectations on Wednesday, July 22, 2020 with fourth quarter EPS of ¥1.46 on revenue of ¥38.03B, compared to forecast for EPS of ¥1.34 on revenue of ¥36.54B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar