Baidu announced earnings per share of 20.08 on revenue of 30.26B. Analysts polled by Investing.com anticipated EPS of 17.78 on revenue of 30.02B.
Baidu shares are up 42% from the beginning of the year, still down 5.43% from its 52 week high of 326.42 set on February 16. They are outperforming the Nasdaq which is up 8.36% from the start of the year.
Baidu’s report follows an earnings beat by Apple on January 27, who reported EPS of 1.68 on revenue of 111.44B, compared to forecasts EPS of 1.42 on revenue of 103.27B.
Microsoft had beat expectations on January 26 with second quarter EPS of 2.03 on revenue of 43.08B, compared to forecast for EPS of 1.64 on revenue of 40.22B.
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