Baidu.com (BIDU) Tops Q4 EPS by RMB2.27, Offers Guidance

Baidu.com (NASDAQ: BIDU) reported Q4 EPS of RMB26.54, RMB2.27 better than the analyst estimate of RMB24.27. Revenue for the quarter came in at RMB28.88 billion versus the consensus estimate of RMB28.42 billion.

Financial Guidance

For the first quarter of 2020, Baidu expects revenues to be between RMB 21.0 billion ($3.0 billion) and RMB 22.9 billion ($3.3 billion), representing a decline of 5% to 13% year over year, which assumes that Baidu Core revenue will decline between 10% and 18% year over year. The Coronavirus situation in China is evolving, and business visibility is very limited. The above forecast reflects Baidu's current and preliminary view, which is subject to substantial uncertainty.

(Consensus sees Q1 revenue of RMB 23 billion)

For earnings history and earnings-related data on Baidu.com (BIDU) click here.

You May Also Be Interested In

• AeroVironment restates quarterly financials, citing $89M goodwill error
• Wintermar acquires full control of Fast Offshore Supply, adding 5 new CTVs
• Jabil (JBL) Tops Q3 EPS by 8c, Offers Guidance