Baidu Earnings, Revenue Beat in Q4

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Baidu announced earnings per share of 11.6 on revenue of 33.09B. Analysts polled by anticipated EPS of 9.4 on revenue of 32.3B.

Baidu shares are up 2% from the beginning of the year, still down 50.98% from its 52 week high of 310.95 set on March 3, 2021. They are outperforming the Nasdaq 100 which is down 12.76% from the start of the year.

Baidu’s report follows an earnings beat by Alphabet A on February 1, who reported EPS of 30.69 on revenue of 75.33B, compared to forecasts EPS of 27.68 on revenue of 72.27B.

Alphabet C had beat expectations on February 1 with fourth quarter EPS of 30.69 on revenue of 75.33B, compared to forecast for EPS of 27.8 on revenue of 72.27B.

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