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Baidu announced earnings per share of 15.41 on revenue of 31.35B. Analysts polled by Investing.com anticipated EPS of 13.18 on revenue of 30.99B.
Baidu shares are down 23% from the beginning of the year, still down 53.46% from its 52 week high of 354.44 set on February 22. They are under-performing the Nasdaq which is up 14.56% from the start of the year.
Baidu’s report follows an earnings beat by Apple on July 27, who reported EPS of 1.3 on revenue of 81.43B, compared to forecasts EPS of 1.01 on revenue of 73.33B.
Alphabet C had beat expectations on July 27 with second quarter EPS of 27.26 on revenue of 61.88B, compared to forecast for EPS of 19.33 on revenue of 56.19B.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com’s earnings calendar
