Baidu (BIDU) Tops Q2 EPS by 32c, Offers Q3 Guidance

Baidu (NASDAQ: BIDU) reported Q2 EPS of $2.39, $0.32 better than the analyst estimate of $2.07. Revenue for the quarter came in at $4.86 billion versus the consensus estimate of $4.78 billion.

GUIDANCE:

Baidu sees Q3 2021 revenue of $4.7-5.2 billion, versus the consensus of $5.14 billion.

• For the third quarter of 2021, Baidu expects revenues to be between RMB 30.6 billion ($4.7 billion) and RMB 33.5 billion ($5.2 billion), representing a growth rate of 8% to 19% year over year, which assumes that Baidu Core revenue will grow between 9% and 20% year over year.
• The COVID-19 situation in China is evolving and business visibility is limited. The above forecast reflects Baidu's current and preliminary view, which is subject to substantial uncertainties.

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

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