iQIYI Q2 Adj EPADS $0.08 Beats $0.05 Estimate, Sales $1.10B Beat $1.07B Estimate
Portfolio Pulse from Benzinga Newsdesk
iQIYI (NASDAQ:IQ) reported Q2 earnings of $0.08 per share, beating the analyst consensus estimate of $0.05 by 60%. This is a 700% increase from the same period last year. The company also reported quarterly sales of $1.10 billion, beating the analyst consensus estimate of $1.07 billion by 2.80%. This is a 10.69% increase from the same period last year.
August 22, 2023 | 9:03 am
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POSITIVE IMPACT
iQIYI's Q2 earnings and sales beat estimates, showing significant YoY growth. This could positively impact the company's stock in the short term.
iQIYI's Q2 earnings and sales exceeded analyst estimates, indicating strong financial performance. This is likely to be viewed positively by investors, potentially leading to an increase in the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100