Company News: Baidu (BIDU) quarterly results beat analysts’ estimates

Market news

18 May 2021

Company News: Baidu (BIDU) quarterly results beat analysts’ estimates

Baidu (BIDU) reported Q1 FY 2021 earnings of RMB12.36 per share (versus RMB8.84 per share in Q1 FY 2020), beating analysts’ consensus estimate of RMB10.75 per share.

The company’s quarterly revenues amounted to RMB28.134 bln (+24.8% y/y), beating analysts’ consensus estimate of RMB27.161 bln.

The company also issued in-line guidance for Q2 FY 2021, projecting revenues of RMB29.7-32.5 bln versus analysts’ consensus estimate of RMB30.3 bln.

BIDU rose to $196.50 (+3.86%) in pre-market trading.

Company News: Home Depot (HD) quarterly results strongly beat analysts’ forecasts

China: More moderated outlook for Q2 GDP – UOB

Market Focus

Material posted here is solely for information purposes and reliance on this may lead to losses. Past performances are not a reliable indicator of future results. Please read our full disclaimer

Open Demo Account & Personal Page

Personal area

support@teletradepartners.com

Risk Warning: Trading in the financial markets (including trading on margin) provides a wide range of opportunities and enables investors ready to take risks to make high profits, but it carries a potentially high level of risk of loss. Therefore, prior to trading you should take into careful consideration whether such operations are suitable for you in terms of your level of knowledge and financial situation.