Baidu (NASDAQ:BIDU) reported its Q2 earnings results on Tuesday, August 30, 2022 at 08:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Baidu beat estimated earnings by 44.79%, reporting an EPS of $2.36 versus an estimate of $1.63.
Revenue was down $429.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.96 which was followed by a 2.13% increase in the share price the next day.
Here’s a look at Baidu’s past performance:
| Quarter | Q1 2022 | Q4 2021 | Q3 2021 | Q2 2021 |
|---|---|---|---|---|
| EPS Estimate | 0.81 | 1.38 | 2.01 | 2.07 |
| EPS Actual | 1.77 | 1.82 | 2.28 | 2.39 |
| Revenue Estimate | 4.18B | 5.09B | 4.97B | 4.78B |
| Revenue Actual | 4.48B | 5.19B | 4.95B | 4.86B |
To track all earnings releases for Baidu visit their earnings calendar here.
This article was generated by Benzinga’s automated content engine and reviewed by an editor.
