Baidu.com (NASDAQ: BIDU) reported Q1 EPS of $1.00, $0.14 better than the analyst estimate of $0.86. Revenue for the quarter came in at $2.45 billion versus the consensus estimate of $2.44 billion.

Outlook for Second Quarter 2017

Baidu currently expects to generate total revenues in an amount ranging from RMB20.470 billion ($2.974 billion) to RMB20.980 billion ($3.048 billion) for the second quarter of 2017, representing an annual increase of 12.1% to 14.9% and a sequential increase of 21.2% to 24.2%. This forecast reflects Baidu's current and preliminary view, which is subject to change.

(Street sees Q2 revenue of $3.04 billion)

Baidu today also announced that Jennifer Li is taking on the role to form Baidu Capital, an investment firm, and serve as its CEO. Jennifer intends to step down as Baidu's chief financial officer, a position she has served in for nine years, following the appointment of a successor to ensure a seamless transition of her responsibilities.

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