Recap: Baidu Q4 Earnings
Portfolio Pulse from Benzinga Insights
Baidu (NASDAQ:BIDU) reported Q4 earnings with an EPS of $3.08, beating estimates by 24.0% and showing a revenue increase of $127.00 million from the previous year. This follows a pattern of beating EPS estimates in previous quarters, with a notable 6.0% share price increase after last quarter's earnings beat.
February 28, 2024 | 10:05 am
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Baidu reported a significant beat on Q4 earnings and a year-over-year revenue increase, continuing its trend of surpassing EPS estimates.
Baidu's consistent performance in beating EPS estimates and reporting revenue growth is likely to positively influence investor sentiment and potentially lead to a short-term increase in stock price, similar to the 6.0% increase observed after the last quarter's earnings beat.
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