Bilibili Inc ADR (BILI)

Shares of Bilibili Inc (BILI) dropped by 11.09% from $13.34 to $11.86 in the trading on Wednesday, November 29, 2023. The reason why BILI is down today is due to the company's recent quarterly earnings report.

• Earnings Below Expectations: Bilibili reported a quarterly loss of $0.29 per share, which fell short of the Zacks Consensus Estimate of a loss of $0.24 per share. This represents an earnings surprise of -20.83%. In comparison, the company had reported a loss of $0.63 per share in the same period the previous year. These figures have been adjusted for non-recurring items.
• Earnings Surprises: The company has displayed a mixed history of earnings surprises. In the previous quarter, it was expected to post a loss of $0.41 per share, but it actually reported a loss of $0.33, surprising investors positively with a 19.51% earnings beat.
• Revenue Performance: Bilibili posted quarterly revenues of $795.65 million for the period ending in September 2023, slightly exceeding the Zacks Consensus Estimate by 0.73%. However, this figure represents a decrease compared to revenues of $814.46 million in the same period the previous year. The decline in Bilibili's stock price is primarily a reaction to the earnings miss, with investors reacting to the company's financial performance in the recent quarter.

Shares of Bilibili Inc. (BILI) dropped by 7.63% from $15.20 to $14.04 in the trading on Thursday, Novemeber 16, 2023. The reason why BILI is down today is due to the anticipation of its upcoming Q3 2023 earnings report, scheduled for November 29. According to information from GlobeNewswire, the market expects Bilibili to report higher-than-expected losses in this report. This anticipation of unfavorable financial results weighed on investor sentiment, leading to the stock's decline.

Bilibili (BILI) stock fell 6.38% as it posted a quarterly loss of $0.33 per share, beating estimates of a $0.41 loss. The company surprised with a 19.51% earnings beat. Despite a year-over-year loss improvement from $0.75 to $0.33, its shares have dropped around 35.7% this year, contrasting the S&P 500's 14.7% gain.

https://finance.yahoo.com/news/bilibili-bili-reports-q2-loss-112504409.html

Bilibili Inc. (BILI) shares fell nearly 7% to $15.56 on Tuesday after China released several weaker-than-expected economic reports, including second quarter GDP.

https://www.msn.com/en-us/money/markets/why-did-bilibili-stock-drop-today-china-economic-slowdown-hits-shares/ar-AA1e2eSs

BILI, one of the Chinese stocks lost ground in Tuesday's trading, sank 8.59%. As part of an efort to bolster the country's economic recovery, the People's Bank of China announced today that it would be cutting lending rates. Unfortunately, the rate cut came in lower than the market anticipated and triggered broad sell-offs for Chinese stocks. While there wasn't any negative business-specific news for Bilibili, it looks like the macroeconomic backdrop in China isn't shaping up the way that investors had hoped.

https://www.fool.com/investing/2023/06/20/why-bilibili-huya-and-rlx-technology-shares-are-si/