Baidu reported second quarter earnings that beat analysts' expectations on Monday and revenue that topped forecasts.
The firm reported earnings per share of ¥ 10.11 on revenue of ¥ 26.33B. Analysts polled by anticipated EPS of ¥ 6.56 on revenue of ¥ 25.97B. That compared to EPS of ¥ 21.06 on revenue of ¥ 27.52B in the same period a year earlier. The company had reported EPS of ¥ 2.77 on revenue of ¥ 24.12B in the previous quarter.
Baidu follows other major Technology sector earnings this month
On July 30, Apple reported third quarter EPS of $2.18 on revenue of $53.81B, compared to forecasts of EPS of $2.09 on revenue of $53.32B.
Alphabet A earnings beat analyst's expectations on July 25, with second quarter EPS of $14.21 on revenue of $38.94B. analysts expected EPS of $11.1 on revenue of $38.15B
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