Baidu (NASDAQ:BIDU) reported its Q1 earnings results on Tuesday, May 16, 2023 at 05:00 AM.
Here’s what investors need to know about the announcement.
Earnings
Baidu beat estimated earnings by 30.73%, reporting an EPS of $2.34 versus an estimate of $1.79.
Revenue was up $53.00 million from the same period last year.
Past Earnings Performance
Last quarter the company beat on EPS by $0.21 which was followed by a 0.6% increase in the share price the next day.
Here’s a look at Baidu’s past performance:
| Quarter | Q4 2022 | Q3 2022 | Q2 2022 | Q1 2022 |
|---|---|---|---|---|
| EPS Estimate | 2 | 2.15 | 1.63 | 0.81 |
| EPS Actual | 2.21 | 2.37 | 2.36 | 1.77 |
| Revenue Estimate | 4.65B | 4.46B | 4.45B | 4.18B |
| Revenue Actual | 4.80B | 4.57B | 4.43B | 4.48B |
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.
