Investing.com - Baidu (NASDAQ:BIDU) reported on Tuesday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baidu announced earnings per share of 12.38 on revenue of 28.13B. Analysts polled by Investing.com anticipated EPS of 10.63 on revenue of 27.36B.
Baidu shares are down 12% from the beginning of the year and are trading at 189.20 , down-from-52-week-high.They are under-performing the Nasdaq which is up 3.81% from the start of the year.
Baidu follows other major Technology sector earnings this month
Baidu's report follows an earnings beat by Apple on Wednesday, April 28, 2021, who reported EPS of 1.4 on revenue of 89.58B, compared to forecasts EPS of 0.9864 on revenue of 77.09B.
Microsoft had beat expectations on Tuesday, April 27, 2021 with third quarter EPS of 1.95 on revenue of 41.71B, compared to forecast for EPS of 1.78 on revenue of 41.04B.
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