- Analytics
- News and Tools
- Market News
- Company News: Baidu (BIDU) quarterly earnings beat analysts’ forecast
Company News: Baidu (BIDU) quarterly earnings beat analysts’ forecast
Baidu (BIDU) reported Q2 FY 2020 earnings of RMB14.73 per share (versus RMB1.47 per share in Q2 FY 2019), beating analysts’ consensus estimate of RMB9.87 per share.
The company’s quarterly revenues amounted to RMB26.034 bln (-1.1% y/y), roughly in line with analysts’ consensus estimate of RMB25.790 bln.
The company also issued in-line guidance for Q3 FY 2020, projecting revenues of RMB26.30-28.70 bln versus analysts’ consensus estimate of RMB 27.68 bln.
BIDU fell to $117.30 (-5.84%) in pre-market trading.
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
