NVDA Q3 Earnings Alert: Why our AI stock picker is still holding Nvidia stockRead More

Baidu Earnings Beat, Revenue Misses In Q2

Published 08/30/2022, 05:08 AM
© Reuters Baidu Earnings Beat, Revenue Misses In Q2
NDX
-
BIDU
-

Investing.com - Baidu (NASDAQ:BIDU) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.

Baidu announced earnings per share of 15.79 on revenue of 23.16B. Analysts polled by Investing.com anticipated EPS of 10.52 on revenue of 29.4B.

Baidu shares are down 0% from the beginning of the year, still down 19.32% from its 52 week high of 182.60 set on October 20, 2021. They are outperforming the Nasdaq 100 which is down 23.5% from the start of the year.

Baidu follows other major Communication Services sector earnings this month

Baidu's report follows an earnings missed by Tencent ADR on August 17, who reported EPS of 0.2819 on revenue of 19.73B, compared to forecasts EPS of 0.3769 on revenue of 19.89B.

Walt Disney had beat expectations on August 10 with third quarter EPS of 1.09 on revenue of 21.5B, compared to forecast for EPS of 0.9733 on revenue of 20.99B.

Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.