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0 0.00449438202247197 0.00359550561797761 0 0 0.0112359550561798 0.0179775280898877 0.0179775280898877
Stock impact report

Chinese streaming giant iQiyi stock falls after revenue beat [MarketWatch]

iQIYI, Inc. - American Depositary Shares (IQ) 
Last iqiyi, inc. - american depositary shares earnings: 2/27 04:30 pm Check Earnings Report
Company Research Source: MarketWatch
Chinese streaming giant iQiyi stock falls after revenue beat IQiyi IQ, +0.71% shares fell less than 1% in the extended session Thursday after the company beat Wall Street revenue expectations and posted smaller losses than predicted. The Chinese online streaming company reported fourth-quarter net losses of $505.7 million, or 70 cents per American depositary share. Revenue rose 55% to $1 billion. Analysts surveyed by FactSet had estimated losses of 73 cents per ADS on revenue of $972 million. For the first quarter, analysts expect earnings of 63 cents per ADS on sales of $979 million. IQiyi stock has fallen 21% in the past six months, with the S&P 500 index SPX, -0.35% falling 2.7%. Have breaking news sent to your inbox. Subscribe to MarketWatch's free Bulletin emails. Sign up here. Show less Read more
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