Baidu Q2 Adj. EPS $1.06 Misses $1.35 Estimate, Sales $4.617B Miss $4.650B Estimate
Baidu (NASDAQ:BIDU) reported quarterly earnings of $1.06 per share which missed the analyst consensus estimate of $1.35 by 21.48 percent. This is a 44.21 percent decrease over earnings of $1.90 per share from the same
Baidu made less money than experts thought it would this quarter—both in earnings and total sales. When a big company misses what people expected, it can signal the business is facing challenges worth watching.
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Source: Benzinga · Read the original report at the publisher. Headline and figures shown for context; data may be delayed.
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