Baidu: Q1 Earnings Insights

Baidu BIDU reported its Q1 earnings results on Tuesday, May 16, 2023 at 05:00 AM.

Here's what investors need to know about the announcement.

Baidu beat estimated earnings by 30.73%, reporting an EPS of $2.34 versus an estimate of $1.79.

Revenue was up $53.00 million from the same period last year.

Last quarter the company beat on EPS by $0.21 which was followed by a 0.6% increase in the share price the next day.

Here's a look at Baidu's past performance:

Quarter	Q4 2022	Q3 2022	Q2 2022	Q1 2022
EPS Estimate	2	2.15	1.63	0.81
EPS Actual	2.21	2.37	2.36	1.77
Revenue Estimate	4.65B	4.46B	4.45B	4.18B
Revenue Actual	4.80B	4.57B	4.43B	4.48B

To track all earnings releases for Baidu visit their earnings calendar here.

This article was generated by Benzinga's automated content engine and reviewed by an editor.

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