Company News: Baidu (BIDU) quarterly earnings beat analysts’ forecast

Market news

18 February 2021

Company News: Baidu (BIDU) quarterly earnings beat analysts’ forecast

Baidu (BIDU) reported Q4 FY 2020 earnings of RMB20.08 per share (versus RMB26.54 per share in Q4 FY 2019), beating analysts’ consensus estimate of RMB16.73 per share.

The company’s quarterly revenues amounted to RMB30.263 bln (+4.8% y/y), roughly in line with analysts’ consensus estimate of RMB30.116 bln.

BIDU fell to $305.44 (-1.05%) in pre-market trading.

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