Investing.com - Baidu (NASDAQ:BIDU) reported on Tuesday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baidu announced earnings per share of 11.6 on revenue of 33.09B. Analysts polled by Investing.com anticipated EPS of 9.4 on revenue of 32.3B.
Baidu shares are up 2% from the beginning of the year and are trading at 152.44 , down-from-52-week-high.They are outperforming the Nasdaq 100 which is down 12.76% from the start of the year.
Baidu follows other major Communication Services sector earnings this month
Baidu's report follows an earnings beat by Alphabet A on Tuesday, February 1, 2022, 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 Tuesday, February 1, 2022 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.
Stay up-to-date on all of the upcoming earnings reports by visiting Investing.com's earnings calendar