iQIYI (IQ) reported an Q2 adjusted loss Tuesday of 0.13 Chinese renminbi ($0.02) per diluted American depositary share, swinging from adjusted earnings of 0.02 renminbi a year earlier.
Four analysts polled by FactSet expected a loss of 0.10 renminbi.
Revenue for the quarter ended July 30 was 6.29 billion renminbi, compared with 6.63 billion renminbi a year earlier. Analysts expected 6.34 billion renminbi.
Shares of the company fell more than 8% in premarket activity Tuesday.
Price: 1.22, Change: -0.11, Percent Change: -8.27
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