Baidu Announces First Quarter 2020 Results
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May 20, 2020 6:59 AM EDT
KeyBanc analyst Hans Chung raised the price target on Baidu (NASDAQ: BIDU) to $145.00 (from $136.00) while maintaining a Overweight rating.Though ad demand for offline related business has not fully recovered from the COVID-19 pandemic, recovery is tracking ahead of expectations.
1Q's Total... More
May 19, 2020 7:04 AM EDT
Mizuho Securities analyst James Lee reiterated a Buy rating and $175.00 price target on Baidu (NASDAQ: BIDU) following the company's 1Q. Baidu beat core operating profit estimates by >60% on strong cost controls and provided encouraging signs of near-term revenue recovery.
During revenue uncertainty, management... More
May 18, 2020 4:33 PM EDT
Baidu.com (NASDAQ: BIDU) reported Q1 EPS of $1.25, $0.68 better than the analyst estimate of $0.57. Revenue for the quarter came in at $3.18 billion versus the consensus estimate of $3.1 billion.
"Despite shelter-in-place in the first quarter, Baidu\'s total revenues declined just 7% year-over-year, resulting from our diversified revenue streams, including marketing services for... More
