|Day's range||6.45 - 6.45|
Unfortunately, investing is risky - companies can and do go bankrupt. But if you pick the right business to buy shares...
Shares of iQiyi (NASDAQ: IQ) jumped 15.4% in February, according to data from S&P Global Market Intelligence, after the Chinese streaming video platform reported better-than-expected fourth-quarter earnings, building on a stronger performance that had been building up for most of the year. Analyst Daniel Chen at J.P. Morgan was surprised by the robust growth iQiyi produced, noting adjusted earnings were 176% more than what it had forecast. Like Netflix, the Chinese streamer has had to produce more content in-house to maintain parity with the competition and the quality of its programming has reportedly been very good, helping iQiyi grow its subscriber base.
Investors in the Chinese streaming video specialist iQiyi (NASDAQ: IQ) enjoyed a brief rally this past week. The rally was sparked by iQiyi's Q4 earnings update, which featured improving trends on both the top and bottom lines. Operating profit margin rose to 10% of sales from 4% of sales in the prior quarter, with help from cost cuts and faster membership acquisitions.