Baidu Earnings, Revenue Beat in Q1

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Baidu announced earnings per share of 11.22 on revenue of 28.41B. Analysts polled by anticipated EPS of 5.04 on revenue of 27.9B.

Baidu shares are down 19% from the beginning of the year, still down 42.92% from its 52 week high of 209.04 set on June 28, 2021. They are outperforming the Nasdaq which is down 26.91% from the start of the year.

Baidu’s report follows an earnings missed by Yandex on April 28, who reported EPS of -26.08 on revenue of 106.01B, compared to forecasts EPS of -2.41 on revenue of 95.55B.

Meta Platforms had beat expectations on April 27 with first quarter EPS of 2.72 on revenue of 27.91B, compared to forecast for EPS of 2.56 on revenue of 28.28B.

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