Investing.com - iQIYI reported on Monday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
iQIYI announced earnings per share of -1.61 on revenue of 7.19B. Analysts polled by Investing.com anticipated EPS of -2.62 on revenue of 7.2B.
iQIYI shares are up 16% from the beginning of the year and are trading at 27.77 , down-from-52-week-high.They are under-performing the Nasdaq 100 which is up 37.56% from the start of the year.
iQIYI follows other major Technology sector earnings this month
iQIYI's report follows an earnings beat by Apple on October 29, who reported EPS of 0.73 on revenue of 64.7B, compared to forecasts EPS of 0.71 on revenue of 63.8B.
Microsoft had beat expectations on October 27 with first quarter EPS of 1.82 on revenue of 37.15B, compared to forecast for EPS of 1.54 on revenue of 35.76B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar