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Baidu: Q2 Earnings Insights

  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.
byBenzinga Insights
August 30, 2022
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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.

 
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