Investing.com - Baidu reported on Thursday first quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baidu announced earnings per share of 11.22 on revenue of 28.41B. Analysts polled by Investing.com EPS of 5.04 on revenue of 27.9B.
Baidu 's are down 19% and is trading at 119.32 , still down 42.92% from its 52 week high of 209.04 set on Monday, June 28, 2021.
Baidu follows other major Communication Services sector earnings this month
Baidu's report follows an earnings missed by Yandex on Thursday, April 28, 2022, who reported EPS of -26.08 on revenue of 106.01B, EPS of -2.41 on revenue of 95.55B.
Meta Platforms had beat expectations on Wednesday, April 27, 2022 with first quarter EPS of 2.72 on revenue of 27.91B, for EPS of 2.56 on revenue of 28.28B.
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