© Reuters Baidu Earnings Beat, Revenue Misses In Q2
Investing.com – Baidu (NASDAQ:) reported on Tuesday second quarter 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 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
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