FMP
Baidu (BIDU) First Quarter Earnings Report: A Mixed Bag
May 16, 2024 9:44 AM - Parth Sanghvi
Image credit: Jason Briscoe
Baidu (NASDAQ: BIDU) reported first-quarter EPS of ¥16.10, aligning precisely with the analyst estimate of ¥16.10. However, revenue for the quarter came in slightly below expectations, at ¥31.14B compared to the consensus estimate of ¥31.43B.
Baidu's stock price closed at ¥110.75, reflecting a 3.39% increase over the last 3 months but a 15.15% decline over the past 12 months.
In terms of analyst sentiment, Baidu experienced 3 positive EPS revisions and 4 negative EPS revisions in the last 90 days, showcasing a mixed outlook.
InvestingPro rates Baidu's Financial Health as "great performance," indicating a strong underlying financial position.
For further insights into Baidu's recent earnings performance and financials, investors can explore detailed information and their impact on stock performance with the Price Targets API.
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