Investing.com - Baidu (NASDAQ:BIDU) reported on Thursday second quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baidu announced earnings per share of 15.41 on revenue of 31.35B. Analysts polled by Investing.com anticipated EPS of 13.18 on revenue of 30.99B.
Baidu shares are down 23% from the beginning of the year and are trading at 164.95 , down-from-52-week-high.They are under-performing the Nasdaq which is up 14.56% 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 Tuesday, July 27, 2021, who reported EPS of 1.3 on revenue of 81.43B, compared to forecasts EPS of 1.01 on revenue of 73.33B.
Alphabet C had beat expectations on Tuesday, July 27, 2021 with second quarter EPS of 27.26 on revenue of 61.88B, compared to forecast for EPS of 19.33 on revenue of 56.19B.
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