iQIYI Inc. ADR (IQ) shares were down 5% in after-hours trading Monday after the Beijing-based online video platform formerly known as Qiyi reported a widening first-quarter loss. iQIYI reported a net loss of $406.4 million, or 56 cents a share, compared with a loss of $262.4 million, or 36 cents a share, in the year-ago quarter. Revenue improved to $1.1 billion from $1.01 billion a year ago. Analysts surveyed by FactSet had expected a loss of 51 cents a share on sales of $1.024 billion. iQIYI shares are down 0.1% in the last year. The broader S&P 500 index is up 4% in the last year.
-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com
(END) Dow Jones Newswires
May 18, 2020 16:36 ET (20:36 GMT)
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