iQIYI, Inc. (NASDAQ:IQ) is set to announce third quarter earning results on Monday 16th November 2020, after market close.
Analysts surveyed by Thomson Reuters are predicting, IQ to report 3Q20 loss of $ 0.4 per share.
For the full year, analysts anticipate top line of $ 4522.21 million, while looking forward to loss of $ 1.71 per share bottom line.
The Company Outlook
Revenue for 3Q20 are expected in a range of $ 984.10 million ~ $ 1,000.00 million
Click Here For More Historical Outlooks Of iQIYI, Inc.
Previous Quarter Performance
iQIYI, Inc. posted loss for the second quarter of $ 0.28 per share, from the revenue of $ 1,000.00 million. The quarterly revenues dropped 5.39 percent compared with the same quarter last year. Street analysts expected iQIYI, Inc. to report loss of $ 0.52 per share on revenue of $ 1072.86 million for the second quarter. The bottom line results beat street analysts by $ 0.24 or 46.15 percent, at the same time, top line results fell short of analysts by $ 72.86 million or 6.79 percent.
Stock Performance
On Friday, shares of iQIYI, Inc. has traded high as $ 26.98 and has cracked $ 26.25 on the downward trend, reaching $ 26.70 with volume of 5.09 million shares.
According to the previous trading day, closing price of $ 26.70, representing a 80.36 % increase from the 52 week low of $ 14.51 and a 5.08 % decrease over the 52 week high of $ 27.57.
The company has a market capital of $ 19.59 billion and is part of the Technology sector and Internet Content & Information industry.
Conference Call
iQIYI, Inc. will be hosting a conference call at 7:00 PM eastern time on 16th November 2020, to discuss its 3Q20 financial results with the investment community. A live webcast with presentations will be available on the Internet by visiting the Company website www.iqiyi.com
iQIYI, Inc., together with its subsidiaries, provides online entertainment services under the iQIYI brand in China. It operates a platform that provides a collection of Internet video content, including professionally-produced content licensed from professional content providers and self-produced content. The company also provides membership, content distribution, online advertising, live broadcasting, and online gaming and literature services.
