Investing.com - Baidu (NASDAQ:BIDU) reported on Tuesday second quarter earnings that beat analysts' forecasts and revenue that fell short of expectations.
Baidu announced earnings per share of 15.79 on revenue of 23.16B. Analysts polled by Investing.com anticipated EPS of 10.52 on revenue of 29.4B.
Baidu shares are down 0% from the beginning of the year and are trading at 147.32 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 23.5% from the start of the year.
Baidu follows other major Communication Services sector earnings this month
Baidu's report follows an earnings missed by Tencent ADR on Wednesday, August 17, 2022, who reported EPS of 0.2819 on revenue of 19.73B, compared to forecasts EPS of 0.3769 on revenue of 19.89B.
Walt Disney had beat expectations on Wednesday, August 10, 2022 with third quarter EPS of 1.09 on revenue of 21.5B, compared to forecast for EPS of 0.9733 on revenue of 20.99B.
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