[ad_1]
Investing.com – Baidu (NASDAQ:) reported on Thursday first quarter that beat analysts’ forecasts and income that topped expectations.
Baidu introduced earnings per share of 11.22 on income of 28.41B. Analysts polled by Investing.com anticipated EPS of 5.04 on income of 27.9B.
Baidu shares are down 19% from the start of the 12 months, nonetheless down 42.92% from its 52 week excessive of 209.04 set on June 28, 2021. They’re outperforming the Nasdaq which is down 26.91% from the beginning of the 12 months.
Baidu follows different main Communication Providers sector earnings this month
Baidu’s report follows an earnings missed by Yandex on April 28, who reported EPS of -26.08 on income of 106.01B, in comparison with forecasts EPS of -2.41 on income of 95.55B.
Meta Platforms had beat expectations on April 27 with first quarter EPS of two.72 on income of 27.91B, in comparison with forecast for EPS of two.56 on income of 28.28B.
Keep up-to-date on all the upcoming earnings studies by visiting Investing.com’s earnings calendar
[ad_2]
Source link