iQIYI (IQ) Tops Q3 EPS by 16c, Offers Guidance

iQIYI (NASDAQ: IQ) reported Q3 EPS of ($0.24), $0.16 better than the analyst estimate of ($0.40). Revenue for the quarter came in at $1.1 billion versus the consensus estimate of $1.09 billion.

GUIDANCE:

iQIYI sees Q4 2020 revenue of $1.07-1.14 billion, versus the consensus of $1.13 billion.

• For the fourth quarter of 2020, iQIYI expects total net revenues to be between RMB7.28 billion (US$1.07 billion) and RMB7.73 billion (US$1.14 billion), representing a 3% decrease to a 3% increase year over year. This forecast reflects iQIYI's current and preliminary view, which may be subject to change.

For earnings history and earnings-related data on iQIYI (IQ) click here.

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