CORRECTION: Baidu Q1 Adj. EPS $2.76 Beats $2.30 Estimate, Sales $4.37B Beat $4.32B Estimate
Portfolio Pulse from Benzinga Newsdesk
Baidu (NASDAQ:BIDU) reported Q1 adjusted EPS of $2.76, beating the $2.30 estimate, and sales of $4.37B, surpassing the $4.32B estimate. EPS increased by 17.95% YoY, while sales decreased by 3.75% YoY.
May 16, 2024 | 9:27 am
News sentiment analysis
Sort by:
Ascending
POSITIVE IMPACT
Baidu's Q1 adjusted EPS of $2.76 beat the $2.30 estimate, showing a 17.95% YoY increase. Sales of $4.37B also surpassed the $4.32B estimate but were down 3.75% YoY.
Baidu's better-than-expected EPS and sales figures are likely to positively impact its stock price in the short term. The significant YoY increase in EPS and the slight beat on sales estimates indicate strong performance despite a YoY sales decline.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100