Investing.com - Baidu (NASDAQ:BIDU) reported on Thursday fourth quarter earnings that beat analysts' forecasts and revenue that topped expectations.
Baidu announced earnings per share of 26.54 on revenue of 28.88B. Analysts polled by Investing.com anticipated EPS of 15.89 on revenue of 28.03B. That with comparison to EPS of 13.18 on revenue of 27.2B in the same period a year before. Baidu had reported EPS of 12.61 on revenue of 28.08B in the previous quarter. Analysts are expecting EPS of 8.31 and revenue of 25.55B in the upcoming quarter.
Baidu shares are down 5.13% from the beginning of the year , still down 35.61% from its 52 week high of 186.22 set on April 8, 2019. They are under-performing the Nasdaq 100 which is down 4.15% year to date.
Baidu follows other major Technology sector earnings this month
Baidu's report follows an earnings beat by Alphabet C on February 3, who reported EPS of 15.35 on revenue of 46.08B, compared to forecasts EPS of 12.49 on revenue of 46.93B.
Alphabet A had beat expectations on February 3 with fourth quarter EPS of 15.35 on revenue of 46.08B, compared to forecast for EPS of 12.49 on revenue of 46.93B.
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