Benzinga | Nov 16, 2020 04:30PM EST

iQIYI Q3 EPS $(0.24) Beats $(0.40) Estimate, Sales $1.10B Beat $1.09B Estimate

iQIYI (NASDAQ:IQ) reported quarterly losses of $(0.24) per share which beat the analyst consensus estimate of $(0.40) by 40 percent. This is a 65.71 percent increase over losses of $(0.70) per share from the same period last year. The company reported quarterly sales of $1.10 billion which beat the analyst consensus estimate of $1.09 billion by 0.92 percent. This is a 10.00 percent increase over sales of $1.00 billion the same period last year.