Investing.com - Lizhi reported on Wednesday third quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Lizhi announced earnings per share of $-0.104 on revenue of $71.77M. Analysts polled by Investing.com anticipated EPS of $-0.160 on revenue of $108.67M.
Lizhi shares are down 54% from the beginning of the year, still down 70.52% from its 52 week high of $2.88 set on November 16, 2021.
Lizhi shares gained 17.92% in intra-day trade following the report.
Lizhi follows other major Communication Services sector earnings this month
Lizhi's report follows an earnings missed by Alphabet C on October 25, who reported EPS of $1.06 on revenue of $69.09B, compared to forecasts EPS of $1.26 on revenue of $71B.
Tencent ADR had beat expectations on Tuesday with third quarter EPS of $0.47 on revenue of $19.92B, compared to forecast for EPS of $0.4463 on revenue of $20.14B.
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