Giant Baidu topped expectations for Q2 and forecasts for revenue that also topped expectations.
Baidu announced profits per share of ¥14.73 on revenue of ¥26.03B. Analysts polled by Investing.com expected EPS of ¥9.31 on income of ¥25.75B.
Baidu shares are down 1.45% right from the start associated with the, still down 15.48% from its 52 week most of ¥147.38 set on January 13 year. They are under-performing the Nasdaq which can be up 23.07% from the begin of this year.
Baidu follows other technology that is major profits this month
Baidu’s report follows an earnings beat by Apple on 30, who reported EPS of ¥2.58 on revenue of ¥59.69B, compared to forecasts EPS of ¥2.05 on income of ¥52.29B july.
Microsoft had beat expectations on 22 with fourth quarter EPS of ¥1.46 on revenue of ¥38.03B, compared to forecast for EPS of ¥1.34 on income of ¥36.54B july.
Giant Baidu topped expectations for Q2 and forecasts for revenue which means good things for them.