Bilibili (BILI) Issues Earnings Results
Bilibili (NASDAQ:BILI) issued its quarterly earnings data on Tuesday. The company reported ($0.13) EPS for the quarter, missing analysts’ consensus estimates of ($0.11) by ($0.02), Morningstar.com reports. The business had revenue of $157.08 million for the quarter, compared to analysts’ expectations of $147.46 million.
Shares of Bilibili stock traded up $1.12 during trading on Wednesday, reaching $14.72. The company had a trading volume of 270,288 shares, compared to its average volume of 3,726,273. Bilibili has a fifty-two week low of $9.09 and a fifty-two week high of $22.70.
A number of equities research analysts have recently issued reports on BILI shares. Zacks Investment Research upgraded shares of Bilibili from a “sell” rating to a “hold” rating in a research note on Tuesday, October 30th. Morgan Stanley lowered shares of Bilibili from an “overweight” rating to an “equal weight” rating and cut their target price for the company from $13.50 to $11.00 in a research note on Monday, September 24th. Bank of America cut their target price on shares of Bilibili from $17.30 to $15.00 and set a “buy” rating on the stock in a research note on Tuesday, September 11th. Finally, JPMorgan Chase & Co. cut their target price on shares of Bilibili from $16.00 to $14.00 and set an “overweight” rating on the stock in a research note on Wednesday, August 29th.
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Bilibili Company Profile
Bilibili Inc provides online entertainment services for the young generations in the People's Republic of China. It offers a platform that covers a range of genres and media formats, including videos, live broadcasting, and mobile games. The company was founded in 2009 and is headquartered in Shanghai, the People's Republic of China.
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