Baidu (BIDU) Tops Q4 EPS by 47c

Baidu (NASDAQ: BIDU) reported Q4 EPS of $3.08, $0.47 better than the analyst estimate of $2.61. Revenue for the quarter came in at $4.64 billion versus the consensus estimate of $4.65 billion.

GUIDANCE:

Baidu sees Q1 2021 revenue of $4-4.4 billion, versus the consensus of $3.99 billion.

• For the first quarter of 2021, Baidu expects revenues to be between RMB 26.0 billion ($4.0 billion) and RMB 28.5 billion ($4.4 billion), representing a growth rate of 15% to 26% year over year, which assumes that Baidu Core revenue will grow between 26% and 39% year over year. This guidance does not include potential contribution from the acquisition of YY Live.
• 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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