iQIYI earnings miss, Revenue beats in Q1

  • Investing.com
iQIYI earnings miss, Revenue beats in Q1
Credit: © Reuters.

Investing.com - iQIYI reported on Tuesday first quarter earnings that missed analysts' forecasts and revenue that topped expectations.

iQIYI announced earnings per share of -2.24 on revenue of 7.39B. Analysts polled by Investing.com anticipated EPS of -1.96 on revenue of 7.31B.

iQIYI shares are down 9.21% from the beginning of the year and are trading at 4.14 , down-from-52-week-high.They are outperforming the Nasdaq which is down 12.1% year to date.

iQIYI follows other major Communication Services sector earnings this month

iQIYI's report follows an earnings beat by Alphabet A on Tuesday, February 1, 2022, who reported EPS of 30.69 on revenue of 75.33B, compared to forecasts EPS of 27.68 on revenue of 72.27B.

Alphabet C had beat expectations on Tuesday, February 1, 2022 with fourth quarter EPS of 30.69 on revenue of 75.33B, compared to forecast for EPS of 27.8 on revenue of 72.27B.

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