IQiyi (IQ) jumps by 17 % before the second quarter profits

We have recently published 10 stocks shine brighter than Wall Street. Iqiyi, Inc. (Nasdaq: IQ) is one of the best artists on Monday.

IQiyi witnessed that stock prices jump by 17.09 percent on Monday, ending at $ 2.33 each, as investors have made shares before issuing their profits for the second quarter of the year.

According to the company, the most prominent of which is finance and operation is scheduled to be issued before opening the market on Wednesday, August 20. The profit call will be held on the same day to clarify the results.

Investors will closely monitor the sermon of expansion plans, especially after Nikki informed last week that IQiyi, INC. (NASDAQ: IQ), along with TENCENT, was looking to offer original production in Thailand and Indonesia.

The report said that the initiative was aimed at capturing a larger market and joining the competitors of the American broadcasting service such as Netflix, which already produces its original series.

Ashley Bird photographed on Unsplash

I have seen iqiyi, Inc. (NASDAQ: IQ), which has 36 million regional subscribers at the present time, whose income is attributed to shareholders in the first quarter of the year decreases by 72 percent to 182 million yuan from 655 million yuan in the same period last year. Revenue decreased by 9 percent to 7.19 billion yuan from 7.93 billion yuan on a yearly basis.

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