trending Market Intelligence /marketintelligence/en/news-insights/trending/h4EwieJqXBxPFkmPrLIoig2 content esgSubNav
In This List

Iflytek profit misses consensus by 16.5% in Q3

Blog

Europe: 5 key OTT trends to watch in 2022

Podcast

Next in Tech | Episode 50: InfoSec spending up, again…

Blog

Broadcast deal market recap 2021

Podcast

Next in Tech | Episode 49: Carbon reduction in cloud


Iflytek profit misses consensus by 16.5% in Q3

Iflytek Co. Ltd. said its normalized net income for the third quarter came to 5 fen per share, compared with the S&P Capital IQ consensus estimate of 6 fen per share.

EPS decreased 6.8% year over year from 5 fen.

Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was 57.7 million yuan, a decrease of 7.7% from 62.5 million yuan in the year-earlier period.

The normalized profit margin fell to 9.1% from 13.6% in the year-earlier period.

Total revenue rose 38.8% year over year to 635.0 million yuan from 457.7 million yuan, and total operating expenses increased 42.3% year over year to 585.5 million yuan from 411.6 million yuan.

Reported net income totaled 80.6 million yuan, or 7 fen per share, compared with 81.3 million yuan, or 7 fen per share, in the prior-year period.

As of Oct. 23, US$1 was equivalent to 6.35 yuan.