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BAIDU reported earnings of $3.08, consensus was $2.62, Earnings Whisper was $3.06
BAIDU SEES 1Q REV. 26.0B YUAN TO 28.5B YUAN, EST. 25.94B YUAN
BAIDU 4Q REV. 30.26B YUAN, EST. 30.06B YUAN
Baidu EPS beats by $0.49, misses on revenue
Feb. 17, 2021 4:31 PM ETBaidu, Inc. (BIDU)By: Gaurav Batavia, SA News Editor5 Comments
Baidu (NASDAQ:BIDU): Q4 Non-GAAP EPS of $3.08 beats by $0.49; GAAP EPS of $2.31 beats by $0.48.
Revenue of $4.64B (+5% Y/Y) misses by $20M.
"Baidu ended 2020 on a solid note with our business benefiting from improving macroeconomic environment and the digitalization of industrial Internet. Our focus on innovation through technology is paying off with Baidu Core non-marketing revenue growing 52% year over year in the fourth quarter," said Robin Li, Co-founder and CEO of Baidu. "As we enter 2021, Baidu is well positioned as a leading AI company with strong Internet foundation to seize the huge market opportunities in cloud services, autonomous driving, smart transportation, and other AI opportunities. We also hope to capitalize on our huge Internet reach with more non-marketing services."