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

Market news

12 August 2021

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

Baidu (BIDU) reported Q2 FY 2021 earnings of RMB14.73 per share (versus RMB14.73 per share in Q2 FY 2020), beating analysts’ consensus estimate of RMB13.36 per share.

The company’s quarterly revenues amounted to RMB31.550 bln (+21.2% y/y), beating analysts’ consensus estimate of RMB31.020 bln.

BIDU fell to $164.39 (-0.34%) in pre-market trading.

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