iQIYI earnings, Revenue beat in Q2

iQIYI earnings, Revenue beat in Q2 - iQIYI reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.

iQIYI announced earnings per share of -1.75 on revenue of 7.61B. Analysts polled by anticipated EPS of -2.01 on revenue of 7.45B.

iQIYI shares are down 41.59% from the beginning of the year and are trading at 10.21 , down-from-52-week-high.They are under-performing the Nasdaq which is up 14.56% year to date.

iQIYI follows other major Technology sector earnings this month

iQIYI's report follows an earnings beat by Apple on Tuesday, July 27, 2021, who reported EPS of 1.3 on revenue of 81.43B, compared to forecasts EPS of 1.01 on revenue of 73.33B.

Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of 27.26 on revenue of 61.88B, compared to forecast for EPS of 19.33 on revenue of 56.19B.

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