iQIYI earnings beat, Revenue misses in Q3

iQIYI earnings beat, Revenue misses in Q3 - iQIYI reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

iQIYI announced earnings per share of -1.61 on revenue of 7.19B. Analysts polled by anticipated EPS of -2.62 on revenue of 7.2B.

iQIYI shares are up 81.06% from the beginning of the year and are trading at 27.77 , down-from-52-week-high.They are outperforming the Nasdaq which is up 32.89% year to date.

iQIYI follows other major Technology sector earnings this month

iQIYI's report follows an earnings beat by Apple on Thursday, October 29, 2020, who reported EPS of 0.73 on revenue of 64.7B, compared to forecasts EPS of 0.71 on revenue of 63.8B.

Microsoft had beat expectations on Tuesday, October 27, 2020 with first quarter EPS of 1.82 on revenue of 37.15B, compared to forecast for EPS of 1.54 on revenue of 35.76B.

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