Baidu jumps 5% on Q2 results and forward guidance
Baidu, Inc. (BIDU) is up 5.0% Friday morning. The company reported second-quarter earnings of $2.36 per share, well ahead of the $1.42 consensus. Revenue of $3.08 billion fell in line with the consensus. For the current quarter, Baidu forecast revenue in a range of $3.41 billion to $3.5 billion, while analysts forecast revenue of $3.17 billion.
Baidu, Inc. (BIDU) is a Chinese internet information provider.
Merck & Co., Inc. (MRK) and Aaron’s, Inc. (AAN) top the list of other companies with positive news today, while Amazon.com, Inc. (AMZN) and Flowserve Corporation (FLS) top the list of companies with negative news.
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About Baidu Inc.
Baidu is the largest Internet search engine in China with mid-70s mobile traffic share in the search market. The firm generates 86% of revenue from online marketing services and the rest from other segments. Baidu is a technology-driven company and has been investing in artificial intelligence technology, such as autonomously driven cars.