Baidu.com (NASDAQ: BIDU) reported Q2 EPS of $1.46, $0.08 better than the analyst estimate of $1.38. Revenue for the quarter came in at $3.69 billion versus the consensus estimate of $3.7 billion.

GUIDANCE:

Baidu.com sees Q3 2020 revenue of $3.7-4.1 billion, versus the consensus of $3.97 billion.

• For the third quarter of 2020, Baidu expects revenues to be between RMB 26.3 billion ($3.7 billion) and RMB 28.7 billion ($4.1 billion), representing a growth rate of -6% to 2% year over year, which assumes that Baidu Core revenue will grow between -7% and 3% year over year. The COVID-19 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.

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